Just wondering how this will work. For consumers it’s a terrible system. For businesses, I am not sure it’s actually that effective - it just seems like security theatre to me.
That said, it’s been a few years since I’ve been forced to interact with it. My current debit card (RBS One Account) supports it, but never forced me to activate it, so when the screen pops up it just moves on instantly.
What will Monzo’s approach be?
Rather than having to interact with that form and remember some password or digits that you constantly have to regenerate because you don’t use them anywhere else, it would be magical if the app just prompted you to approve the transaction instead.