Murph asked:
Would " two factor identification " include having to complete a "Password" and an "I.D. " when intending to access a credit card account or bank accounts on my computer?
Not exactly. It's a separate line of communication that is initiated when you try to do access something. You request contact and have to supply an id and password and then you get a second "challenge" to initiate a two factor access. This triggers the push from the site you are trying to access and the push goes out as a telephone call, a request to enter in the passcode sent to your "token", or a challenge screen on your smart phone on the two factor application.
We used Duo at UM and you would be challenged to respond to the push sent to whatever device you selected from the list. You had to preset the list before using the two factor system to enter the phone numbers and or devices you set up to receive the push. The separate communications routing is what makes this "two factor".
Roger, you can use two factor with a flip phone or even a land line. You just receive a telephone call with a semiautomated message that requests that you press whatever number they tell you on the phone. If you have a smart phone or tablet, you can receive and acknowledge the puch graphically (usually a traffic light symbol). If you have a token, you have to enter the six to eight digit code displayed on it within 10-15 seconds to complete the authentication process.