Some banks already do this (at least in the UK). They send out a card reader that you use for a challenge/response when you put your bank card and PIN in. It's only required for making payments to new people, so you can your view balance and make payments to people or organisations you've made at least one payment to before. It's not perfect but it goes some way towards improving security.
More here
Yes
Some banks already do this (at least in the UK). They send out a card reader that you use for a challenge/response when you put your bank card and PIN in. It's only required for making payments to new people, so you can your view balance and make payments to people or organisations you've made at least one payment to before. It's not perfect but it goes some way towards improving security. More here
Mis-mod, apologies
Undoing accidental mod