2007-09-26 10:43:38 · 12 answers · asked by danskinner75 1 in Business & Finance ➔ Personal Finance
Yes, I`ve got a card reader as well, and it something that all customers will be getting over the coming months.
Its not a case of not trusting you, its supposed to make things more secure, as if someone gets your online banking details for example, they still will not be able to take any money.
Currently, only setting up payments in online banking requires the card reader, but this is the early stages and more and more operations will require the reader as time goes on.
I`m in two minds about this. On the one hand im grateful for the extra security, but on the other hand it is quite inconvenient as I do most of my bank transactions at work, and it means I have to carry the card reader with me.
Its not just you though, everyone who banks at natwest will have one soon!
2007-09-27 00:16:55 · answer #1 · answered by Anonymous · 0⤊ 1⤋
I have received a card reader for both my NatWest and RBS accounts.
They are quite a good idea.
Also, they are not some random idea of the RBS Group.
They are an APACS (Association of payments and Clearing Services) device.
Barclays bank have also introduced them.
It just means that in the unlikely event that someone got your OnLine banking log in details, they would not be able to transfer any funds away from the NatWest bank, hence keeping your money nice and safe.
2007-09-27 11:06:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I get hits on this Natwest Bank card reader when I google it, so no, you're not the only one.
And uh, I think this isn't about not trusting you, but more for your account's security.
If you'd like to know more about the card reader, have a look here: http://blogx.co.uk/ViewItem.asp?Entry=638 .
2007-09-26 17:48:08 · answer #3 · answered by HCB 5 · 0⤊ 0⤋
I have been sent a card reader too. And it is not that you are not trusted! It is for internet security.
Every time you want to complete a transaction on the internet, you push your card into the card reader. It generates a special code which you type into the page. It then allows you to proceed.
It stops people from being able to do stuff with your account or hacking into your account. They would have to have a specially generated code, and they can't do that unless they have your code, your card reader, your internet pin AND your password.
It is a good idea...lets see how long it is before someone cracks it!
2007-09-26 17:48:40 · answer #4 · answered by Anonymous · 2⤊ 0⤋
I've had an account with Nat West since it was the National Provincial Bank (1959) so why haven't they sent me one? It's not fair - shall I have a tantrum? Maybe they think that little old wrinklies don't have enough in their account for hackers to be interested.
2007-09-26 18:02:51 · answer #5 · answered by Veronica Alicia 7 · 0⤊ 0⤋
Hello Darling, no they don't trust you. They told me it's because you don't buy me flowers and other stuff enough so they have sent you a card reader to teach you a lesson!!!!
Hope you're home tomorrow! LU
2007-09-27 19:34:51 · answer #6 · answered by Joanne D 2 · 0⤊ 0⤋
I don't bank with Natwest so I wouldn't know.
2007-09-26 17:56:16 · answer #7 · answered by Scarlett 4 · 0⤊ 0⤋
Yes I have been sent one, but when i put my card in it, it says wrong card. Haven't got a clue what I'm supposed to do with it though! I haven't had time to read about them.
2007-09-26 17:46:44 · answer #8 · answered by lilmissdisorganised 6 · 0⤊ 0⤋
What is a 'card reader'?
2007-09-26 17:46:26 · answer #9 · answered by Mike1942f 7 · 0⤊ 1⤋
YEAH WHAT IS A CARD READER?
2007-09-26 17:47:09 · answer #10 · answered by GARY I 3 · 0⤊ 1⤋