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Nelson Minar
Blog licensed under a Creative Commons License
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Logging into services online is a mess; different usernames and
passwords at different sites, different standards of trust and security.
But it's just as bad in the financial world.
For many financial transactions a signature is sufficient. For some, you have to have the signature notarized. The notary's job is to verify your ID, maybe take a thumbprint, and take $10 from you. Somehow this adds security. I learned today there's a different kind of signature authentication, the Medallion Signature Guarantee. It's commonly used to authorize stock transactions. Banks charge $10; crazily enough they're apparently assuming liability for your authentication. |
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