₦airaland Forum

While trying to access my yahoo account this morning, I saw this advert(image below) and was impressed that I can easily recharge my mom's line without using any apps or ATM but discovering that the transaction could be concluded without my consent using any form of authentication is indeed appalling.

Allowing customers recharge using a short code was a good news until it was tweaked to allow third party airtime recharge without any need to authenticate with soft token or any pin.

WHAT IF?
1. My phone go missing without any security (lock code, pattern etc.) to prevent access, my account may end up being wiped off via airtime recharge to several unknown numbers.

2. What a friend or family member knows my security code, s/he can as well have fun recharging his number and perhaps his peeps trying to form father christmas in June

GTB! GTB!! GTB!!! how many time did I call you, the control around this innovation for 3rd party airtime recharge is dam.n too loose. Obviously, it is a good penetration strategy as the bank will surely have a surge in it bottom line(profit) at the expense of customers losing their savings but remember this same customers ensure your going concern as a corporate entity

Cheers.
Ayobami

Bad for business.

braivheart:
Bad for business.

And that's why I posted it in the business section of Nairaland

cc: naijacutee, puskin, FOD, lalasticalala

Bad for biz oooo cheii







Guyz seriously i dont wana barge into your thread but voting is presently goin on for the MR NAIRALAND competition. Please click on the link on my signature and vote for my candidate SCENTMARLC alone. Please help your girl nah **sobbing** wont you?

Be wise enough to be smart enough. Nice innovation for the wise-smart asses dude.

GTB should not allow any loophole in their system. Enough of fines and penalties through various court cases

@op, ur observation isn't correct, this service can't be accessed just t like that, it will request for the last four (4) digits of ur atm card before it can be processed, I've been using this service since it's innovation. Try it for ur self and see so that u can be rest assured.