Two new systems claim to make it easier and safer to shop online, by letting you pay for goods directly from your bank account without having to hand over card details. But experts are warning consumers not to be „lulled into a false sense of security“.
[…] Certainly neither system operator is promising they will bear responsibility for any losses suffered through their technology becoming compromised, pointing out that, unlike PayPal, they do not store a user’s bank account.
Hence, the issue of responsibility is key, believes Graham Cluley, senior technology consultant at Sophos. „It may take some wrangling but if things go wrong with your bank, they’ll pick up the tab and it’s the same with a retailer or a card issuer. It’s also the same with PayPal – although they’re a big target for phishers, they have a clear policy for putting things right so that’s what I would question these new systems are missing.“