In Keyloggers: Why Banks Need Two-Factor Authentication I described how some banks in Asia use SMS-based one-time-passwords (OTP) to authenticate on-line transactions. I followed up with The Magical ATM Card and SMS Message in Thailand where I described how one airline company in Thailand is fighting back against credit card fraud using an SMS PayCode coupled with an ATM transfer to pay for booked flights. More and more banks in Asia are offering anti-fraud services for users where they receive an SMS message that details any change in their account balance and/or point-of-sale (POS) transaction with both debit and credit... Read more →