Every time you use your debit or credit card for an online purchase or a NetBanking transaction, a four to six number code called an OTP appears on your screen. Have you ever questioned what exactly these numbers are and why it’s so important for them to protect your bank account?
We walk you through what OTP is and everything you need to know about it in this article.
OTP Number: What Is It?
To verify the individual transaction, an OTP, sometimes referred to as a One Time Password, is randomly created and delivered to your registered mobile number. For card and online transactions, it adds an extra degree of protection. Within a few seconds of entering the transaction data, it is transferred to your mobile number and is only stored there for two minutes. For a single transaction made with a credit card, debit card, or login session, an OTP is automatically produced with a number or alphanumeric string of characters. This OTP is a private key that needs to remain that way.
How can the user experience be improved with an SMS OTP Verification API?
Users must retype and enter OTP in their login window even though some MFA solutions send it through push notification or SMS. OTPs are generated and validated by MFA in a way that enhances the login experience for the user. For the user, the solution will in fact discreetly and transparently generate and confirm the OTP, enabling a straightforward and password-free login experience.
It is very challenging for a user to remember all of their passwords and keep them secure from cyberattacks if they have many accounts on different websites and apps.
Due to the security and assurance that this tool will communicate every day, an SMS OTP Verification API, such as the one we offer, is very advantageous for both users or clients and those who receive the service.
Benefits of using the SMS OTP Verification API include:
One advantage of the SMS OTP Verification API is that it helps IT managers and security managers avoid frequent password security blunders. Grammar rules, using well-known terrible and weak passwords, exchanging login information, and using the same password on several systems and accounts are all things they don’t have to worry about.
Another benefit is that SMS OTP Verification API expires rapidly, which discourages hackers from collecting and using private information.
However, the benefits of using SMS OTP Verification API go beyond merely the viewers and buyers of your website. How do they support the job of your IT team as well?
However, when using a 2-factor MFA solution, there is no need to ask the user for their login and password at first and only that time (passwordless MFA solution). As a result, end user requests for password resets are less frequent for IT support staff. End users are quite unlikely to make a mistake with a straightforward knowledge requirement like a PIN code that must be remembered. Users and support staff benefit from this.
Also published on Medium.