Increasing layers of banking security - dual dynamic passwords, sophisticated security code devices - tend to make access more cumbersome for the user. Banks are missing the point - a simple but revolutionary banking system is greatly needed.
Bank accounts and specific banking activities are "locked" by
banks on default. Account user needs to call a special secure number to "unlock" his/her account for a predefined time (e.g. 3-10 mins)
to carry out the desired banking activity.
Account users can predetermine which banking activities require "unlocking"
before use. They are assigned with a private phone number that can be
dialed from any caller device. The call will connect the caller to a financial
computer account system that will quickly authenticate the caller's identity,
and "unlock" the caller's bank account for a predefined period
for transactions to be performed.