What is the point of MasterCard SecureCode and friends (Lloyds TSB ClickSafe as I see it)? What extra security does having to remember yet another password actually bring? As far as I can tell, very little, as I continually forget my password (made worse as I am then forbidden from using a previous password) and then answer a few basic “security questions” (all of which you could probably answer within 5 minutes of Googling my name), and am allowed to make the payment anyway. I’ve gone through about 10 passwords in the last year, and now simply enter random gibberish, “secure” in the knowledge that I will just have to remember my date of birth next time. Utter useless rubbish foisted on us by the incompetent banking companies to give a slight appearance of added security but in fact just making online shopping more cumbersome.
Does anyone know how to disable it? The “FAQ” says nothing about opting-out.
