Re:"Bloated" security? (Score -1)

1 smartcard would replace all that junk. I'm surprised the banks are all just deploying One Time Password (OTP) authentication. They really should be skipping it and going to smartcards which store the customer's digital cert on the card. They also manage passwords, store your private key (for PGP), and provide physical access. The OTP stuff is for 2 factor auth (something you have and something you know), but smartcards can carry it even further with 3 or even 4 factor authc.