Leosghost - 6:32 pm on Aug 7, 2012 (gmt 0)

Again agree entirely with incredibill..:)

re

SIDE NOTE: If credit card companies simply used SMS verification for all major purchases for anyone with a cell phone registered to their account ALL credit card fraud would cease immediately. Has ZERO impact on any existing CC transaction system or website, online requires implementation at the credit card processing centers. Simple solution to a billion dollar problem but we'll never see it happen in our lifetime because it's too easy.

Already in place here France, works that way on both my business and personal account cards and with both our banks , wife's and mine..and many places in the UK, and some banks there use it..

It's called 3D..been around for a few years in Europe :)

Even works when buying from sites in the USA etc..
a one time SMS is sent to a mobile phone that I use only for the 3D system ..( I got another mobile phone just for G's and other net companies two factor system after finally succumbing to their "nagging" ) each phone number costs only €2.oo per month ..uses candy bar SMS capable mobile phones @around $25.oo each or cheap smart phones..

Keep another for customers incoming calls..another "smartphone" for business..and another "smartphone" for personal, family, friends and general surfing etc..

All together they weigh much much less than an old early days portable car phone ( here they were Radiocom 2000 ) and take up less space..and all together even weigh even less and take up less space than my first motorola portable handset..

If you are going to use two factor authentication ..don't use your every day mobile phone number for it..and keep it ( or them ) as safe as you would your bank cards..