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Lloyds TSB Access Code Device has been100% successful in combating internet
banking fraud, according to the bank.
Five months after beginning a trial of its key-ring sized Access Code Device,
giving consumers a new way to log on to Internet banking, none of the 23,500
customers who took part in the trial have reported any fraud on their accounts.
The bank began trialling the device last October. It generates a unique,
one time only, six digit number that customers enter when they log on to the
Internet banking site and the response from customer has been hugely positive.
Matthew Timms, Internet banking director commented: "Lloyds TSB was the first
bank to give this type of device to customers and is at the forefront of
tackling online fraud.
"The response from customers has been fantastic and the fact that nobody taking
part in the trial has had any fraud on their account since using this device is
testament to the fact that technology is the way forward."
Source:
Getting Paid
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