Quotes by Justin McAuley

“The user types the challenge code into the mobile phone, which validates that the challenge code is genuine. After the user has entered their PIN into the phone, it generates a response code. The user types the response code into the Web bank screen, and the transaction is confirmed.”

“An online banking user registers their cell-phone number with their bank and the bank then sends them a text message. Once the customer has downloaded this message, they click on a link in it to download an application.”

“The cell phone has now become an authentication device. There is no need for banks to issue their customers with online authentication tokens or smart cards.”