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I assume this would be how they are implementing the strong customer authentication requirements of PSD2. This requires the payment service provider to confirm your identify by two of three different methods: something you know (PIN, password), something you possess (card, mobile), something you are (biometrics). Additionally certain remote payments require a code linked to the value and payee.
However, the technical standards for this have only just been released and are not compulsory until September 2019. Further, remote transfers to an already approved payee are exempt from SCA.
Originally posted by AirlieBird
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Thanks for that. I already put two passwords in before getting to my account, and I've only got to pay just over £10. Interesting that it's not compulsory yet. I've been paying this payee every month for as long as I've had the account (10 years plus). I don't want a mobile app and the signal where I live is very bad, and I'd probably miss the passcode due to the phone not ringing.