How can web apps prevent fraudsters from abusing ACH to steal from compromised bank accounts?

Asked Jul 2, 2013· 1 answer
Faisal KhanAnswered Jul 2, 2013
Two Factor Authentication using the mobile phone. The phone is the same phone that is registered with the genuine account holder.

Send a code on the phone in order to be able to do transactions online. Even if login credentials of the original bank account holder are stolen, they cannot execute a transaction in your web-app, because they would not have the mobile authorisation code.
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