Egg Money warning

[Rik]

Our banks aren't tight, Mitch, they're just penny pinching.

[Glenn]

Miserly is more apt, I think

[Rik]

You're being generous, Glenn.

[pctech]

Apologies if my choice of phrase isn't 100%

I have a subnet induced headache at the minute.

[Rik]

Does paracetamol work for them?

[pctech]

Sure does when it kicks in.

I tell ya, once have passed the exam in October I intend to go out and get more drunk than I have been ever.

[Rik]

Let me know where to come and collect you.

[Lance]

Bit like chip and PIN really, our banks are so tight that at least initially they wouldn't pay the extra for credit and debit cards that supported encryption on the data path between the chip and the reader so the PIN was sent in the clear.

But the pin is stored on the card itself so why would it be sent over the data path?

[Technical Ben]

Like I said Rik. I'm not sure what they are getting at in the article. Having never heard of a aggregate service either. So I don't know what it is to agree or disagree with. Just DO NOT give your details out to third parties. Even if they are offering financial help. (By that I mean personal or sensitive data. You have to give some stuff in all aspects of life, but not your passwords or pins etc!)

[Rik]

The aggregate services are people like Egg Money, who will store your other account information so you can access any financial institution you do business with from the one site. A recipe for disaster, imo.

[Technical Ben]

Oh, yes. Now I get it. Sounds very dangerous.
If it is going to be legitimate, it needs to be done via the originating bank. I don't quite see a market for third party online banking systems, but then I suppose it's no different from cash machines. The answer? Don't have more than one bank account! 

[Rik]

Too simple for us sophisticates, Ben.

[zappaDPJ]

I must admit aggregate services are not something I'm fully up to speed with but I don't understand how they are able to work if you use a PINsentry system to log into your bank. Regardless you might as well leave your money pegged out on the clothesline if you choose to risk that kind of service with your details I would have thought.

[pctech]

They don't work Zap.

[zappaDPJ]

Then every on-line banking facility should use that system, problem solved! 

[Rik]