SMS-based two factor authentication has been touted as a way of improving online banking security but Westpac's head of information security disagrees.
Telstra, National Australia Bank and Visa have joined forces to test out near field communications (NFC) -- a technology which allows users to pay for goods by placing their mobile phone on a reader.
Facing declining profits from traditional credit cards, financial institutions are once again pushing microchip-equipped credit cards. But now they have new allies: Sun Microsystems and Compaq Computer.
Visa International is making a push with a new smart-card payment system that would allow hands-free transactions.
Fear of having their credit-card data stolen keeps many Internet users from making a purchase online. Are smart cards the answer?
Can a national ID card protect Australians against terrorist attacks? And can citizens' details be protected by Public Key Infrastructure? We look at the types of hardware and software employed to combat terrorism, and how ports and other critical infrastructure are protected.
What's holding back smart cards from widespread use in Australia? Could it be that vendors haven't found the applications consumers really want?
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