Gadgets

Russians will be able to withdraw money from other people's cards using a QR code


Access to finance and ways of transferring moneybecome more and more diverse and original. In the near future, Russian bank customers will be able to transfer money from their card to any other user using a QR code. Nevertheless, such a financial transaction, according to experts, carries increased risks associated with fraud.

The technology works in a very simple way.In a branded banking application, the cardholder generates a QR code for a certain amount and sends it to the counterparty. He, in turn, can cash out this money at any ATM by scanning the code. The operation is performed in the reverse order, when the counterparty must replenish the account of the bank's client.

The bank was the first to introduce the new technology"Tinkoff", and in the near future such an opportunity will be received by the clients of banks "Otkrytie", UBRD, SKB-Bank and VTB. According to cyber security experts, the new technology for issuing money using a QR code carries three threats at once: interception of codes during transmission, a traitor-fraudster working in a bank and a simple selection of a code.

Source: iz