What are the different types of TAN?

Laptop with card reader - ©Can Stock Photo Inc. / MultiartMost banks in Germany that offer personal home banking use a system called PIN/TAN.  Account holders log into their accounts using either a username or their account number with a PIN (Persönliche Identifikationsnummer).

After that, to carry out any form of transactions, a TAN (Transaktionsnummer) is use.

Over the years, the system has tried to cope with the growing number of phishing attacks and security problems, meaning that there are a number of different TAN systems in use. [Read more…]