About 1 week ago i logged into AxisBank's Portal to do a Bit of Fund Transfer , and suddenly saw the NetSecure Demo It loked prettt good to me and i registered for the 1-Touch Device and after registering they said to deliver it within 10 days , And so they did , i got the package about a Half an hour ago and wanted to share this piece of info.
As Per AxisBank NetSecure is explained as follows :
NETSECURE
Double Security for your Online Fund Transfers
We at Axis Bank have always endeavored to provide the best of banking services to our customers. Our latest initiative is NETSECURE, which is a two factor authentication system to provide added security to your online banking transactions.
NETSECURE is a secured system, wherein two different parameters (one that you already know, like login id and password and second, a single usage password that you will receive while conducting the transaction) are used together to verify your identity on the Internet. Using two factors as opposed to one factor (just the login id and password) ensures heightened security for your online transactions.
It is mandatory to register for NETSECURE to transfer funds online. Once you are registered for NETSECURE, you will receive your NETSECURE Code - a single usage password, that will ensure double security for your online fund transfers. You can choose between three types of NETSECURE: NETSECURE with SMS (using your mobile phone), NETSECURE with WebPin (registration of a computer) or NETSECURE with 1-Touch (a small hardware device). This choice needs to be made when you register for NETSECURE online.
Ok The Device Looked like below (W | W/O Packaging)
Using this device is extremly easy -
>>> Push the power button to turn it on.
>>> A Single Click will generate a Code [Expires after 50 Secs].
>>> Push the Power Button to Trun it off again.
Simple as that.
Now lets see how much my Online Transactions gets secure.
3 comments:
Nice Post . at last it makes me happy seeing that banks are now concerned more about the Online banking security :)
Nice post
It feels happy that now Indian banks are coming out with secure option and this basically will increase the ONline population of India :)
@Geek God : Yup Agreed , This is going Promote the users to use Online Transaction Facilities more securely , than those who are too afraid becoz of its side effects and the risk involved.
Hope for the Best !
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