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Aehgts's Journal: Techers Credit Union Using Security Tokens for Online Access

Journal by Aehgts
Mum received a letter from the Teachers Credit Union offering a 'first one's free' deal on a security token for online access. Seems this type of key is trickling down into the masses at last. This one is offered by Australia Post as announced back in February; FTA:
This low-cost, secure and convenient service enables financial institutions to implement strong, multi-factor, one time password (OTP) security tokens for online banking authentication.
http://www.auspost.com.au/BCP/0,1467,CH4453%257EMO19,00.html

From the Credit Union description:
"Teachers Credit Union has introduced one time password technology to further protect internet banking users. A one time password is generated by a security token which provides an extra layer of security to protect your accounts against fraudulent activity.
A security token generates a new 6-digit code every 30 seconds from a million possible combinations. You can order a security token in internet banking (in the Other menu then select Security Options) and for a limited time, it's free of charge."
http://www.teacherscreditunion.com.au/landingpages/landingIBSecurity.aspx
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Techers Credit Union Using Security Tokens for Online Access

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