> If banks would supply the password on paper, then that issue would go away for most people. And if the bank would use OTP then supplying passwords on paper slip is a natural solution.
So you have to get a new paper slip every time you log in? How would the logistics of this work? If you have to go to your bank / wait for physical mail on every login, then the convenience of online banking goes away, doesn't it? (Or would you get a collection of them? Then, if you're like me, you'd lose that; and you'd be right back at the inconvenience, while someone else has temporarily unfettered access to your account.)
My bank gives a three times folded, credit-card sized password-card, and mail automatically a new one when you are about 2/3 through it. As it is credit-card sized, it can conveniently be stored in wallet, and thus losing it isn't much of an issue.
So you have to get a new paper slip every time you log in? How would the logistics of this work? If you have to go to your bank / wait for physical mail on every login, then the convenience of online banking goes away, doesn't it? (Or would you get a collection of them? Then, if you're like me, you'd lose that; and you'd be right back at the inconvenience, while someone else has temporarily unfettered access to your account.)