NAB has upgraded its mobile phone banking apps for iOS and Android. The main change is the ability to set a four-digit passcode to access the app on the phone, making logging in speedier.
That might sound like a security risk, but NAB argues that as the code is tied to a specific device — you can’t use it to log in from someone else’s phone — it actually provides a higher degree of security than the standard (longer) password. In any event, it’s pleasing to see both major mobile platforms getting updated simultaneously. (According to NAB, one in three logins to its online banking service are via a mobile device.)
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