alt Hacker NewsHardware tokens are not allowed in Europe to authorize certain operations such as bank transfers: you need a device that can show the operation you are about to authorize ("enter 123456 to confirm your payment of 99.99 € to Pornhub"). And that essentially means using a phone.
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I’ve seen dedicated hardware devices which scan a QR-like code and show this in a little screen of their own. The bank provides them and does not require any app.
I only know of a single bank using this.
I'm in Europe, and some of my banks still operate with a token just showing numbers, while others use devices with QR code readers and a colour display which then can show transaction details.
They don't really like you using that and keep annoying you to stop doing that, but I don't think they'll fully get rid of that - those are filling some accessibility niches as well.
Is this true?
The old, standard RSA number generator token key ring device is not permitted in Europe for authorizing bank actions ?
I am in europe and my bank issued me a hardware token I still need to use from time to time.
Maybe it’s country-specific, but most banks I know support a card reader or photoTAN device. You don’t need to use a phone.