Barclays Debit Card Authentication Bypass Lets Merchants Empty Customer Bank Accounts
It is no secret the world of traditional finance is in peril. Lack of innovation for over fifty years has created a void that needs to be filled sooner or later. New payment methods, such as credit cards, are being used on the Internet en masse, without ever being designed to complete that task. Barclays bank has now admitted its debit card authorisation process can be bypassed, and they have no clue on how to fix this issue. Whenever a consumer pays with a debit card online, it will be verified by the issuing bank to see whether or not all of the information has entered correctly. Unlike....
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