The system that I think you are describing is already out there. I can’t speak for other countries but here in the Netherlands, the banks have standardised on “iDEAL”.
When you’re on a website and want to make a payment, the site makes a request to the bank, which then presents you with whatever method of authentication your bank uses. Generally this is some two-factor system. After giving the OK, you’re redirect back to the merchant.
Actually, it would seem to me that PayPal is very similar.
When you’re on a website and want to make a payment, the site makes a request to the bank, which then presents you with whatever method of authentication your bank uses. Generally this is some two-factor system. After giving the OK, you’re redirect back to the merchant.
Actually, it would seem to me that PayPal is very similar.