Australia's largest stock trading and investment forum Australia's #1 stock forum

SP1

0.00%

$1.07 southern cross payments ltd

Summary of Issues and Rationale for continued support of ISX, page-100

First 100 Last

Share
Profile

Follow
octopusushi

104 Posts.

11

22/11/19

19:42

Post #: 41586585
Share

Originally posted by aniesbaswedan: ↑

I know what the fraud is but thanks.

First of all, all if not overwhelmingly most financial institutions all have their own KYC system especially banks. Smaller institutions, brokers, for example, have their own system. Because that puzzle is usually of very simple form and does not take a lot of time/resources at all to develop.

For example, someone register for a brokerage account. They put in all of their bank details, copy of passport, phone number, etc and then the broker send "puzzle" for you to solve into your bank account, and then send a code to your phone and a different one to your email.

For merchants and things, we already have 2 step authentication literally everywhere and it is usually done simply by asking for password AND a code would be sent to your phone or even better add email on top.

So where is the need for ISX services for the mainstream??

In the case of stolen card, the card provider could just ask the owner of the card for authentication code sent to their mobile number for every online transaction. So even if the card is stolen the card still can not be used for online purchases. For physical purchases using the card then the a PIN could be requested for purchases that seem to detract from "usual" activity.

There are a plethora of ways to authenticate, so why would you use ISX services???

Expand

You clearly have no idea what ISX business is. You were talking about bank authentication.... please.

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

The market's shrugged at China's stimulus measures all year. Why is this one different?

The winners & losers on market if negative gearing were gone

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

There are more pages in this discussion • 112 more messages in this thread...

First 100 Last

Add SP1 (ASX) to my watchlist

Summary of Issues and Rationale for continued support of ISX, page-100

Top Stories

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

ACCC seeks Olam divestments before it can buy Namoi Cotton

The market's shrugged at China's stimulus measures all year. Why is this one different?

The winners & losers on market if negative gearing were gone

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

KalGold rolls out detailed aeromagnetic survey across Pinjin project

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Featured News