Online shopping & auctions authentication

SMS helps e-commerce organizations to combat the growing levels of online fraud. 2-factor authentication procedures can play a key role in preventing mistakes and online fraud attempts, by verifying and protecting the identity of the user.

SMS authentication using OTPs (One Time Passwords) is perhaps the best solution available for online shopping verification. In most cases, in addition to a static password, the users can be provided with a dynamic time-restricted password via SMS to verify their identity. SMS authentication offers an added layer of control and security for those making online transactions. By providing secure online transactions, users have the peace of mind they need to trust in e-commerce.

Any business willing to offer online purchase and transactions should consider authentication options via one time passwords & mTANs to ensure these are properly secured