Internet Banking

E-banking
When you would like to do your business of a bank over the internet, the bank provides you with an e-banking account. With this e-banking account it is possible to manage one or more bank accounts. This means, you can see the account balance, the last transactions and do your paying.

Usually, you get an identification number and a password from the bank, with which you get access to your bank accounts. For many banks, this is not a sufficient protection. Therefore, the bank often provides you in addition a cancellist with secrets to increase the security.

Every time you want to log in, you have to put, in addition to your password, the next valid secret (usually a sequence of numbers and characters) from the cancellist. A secret can only be used once and is decayed directly after a correct authentication. The next time you log in, the bank will request the next valid secret.

The secrets allows you the have a certain control over your e-banking account too. When you log in the next time and the bank is requesting the second next secret, then you have either forgot the last time to cut (mark as decayed) the secret or somebody got your identification number, your password and your cutlist and gained access to your bank accounts.
 
Back
Top