Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook Follow The Paypers on Google +
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
Cards

Swedbank to cease issuing password cards

Tuesday 30 January 2018 | 12:37 PM CET

Swedbank has announced that it will stop issuing password cards to its customers starting from February 2018.

Currently, approximately 230,000 Swedbank clients use password cards for authentication in online or mobile banking, a decreasing number caused generally by the emergence of other more secure means of using banking and other online services such as Smart-ID, ID cards, Mobile-ID or PIN calculators.

For Swedbank, Smart-ID, a free service which has proven its popularity among smartphone users, is in use by more than 140,000 people. For older clients and those who do not have smartphones, PIN calculator that automatically generates single-use passwords is suggested by the bank’s officials. 

Swedbank customers who have already been issued password cards may continue to use them for transactions of up to EUR 200 per day until February 2019.

More: Link
 advertisement
 advertisement
 advertisement
 advertisement