One Time Password (OTP) – OTP is widely used to confirm users as themselves by asking the system to send users OTP codes for a short period. They are also required to enter a verification code when they enter into any online account period requiring maximum security; transfers, online payments, account deposits, application entry.
OTP over SMS is recommended by many organizations to increase the security of their customer accounts. The introduction of security devices under OTP technology also creates favorable conditions for users in electronic transactions.
OTP SMS is used because it has many advantages that it provides. The following benefits are obtained by using OTP SMS.
- Process and Approve Internet Banking Transactions
- Changing a Bank Account on an Online Store Website
- Change Forgotten Account Password
- OTP SMS Can Secure Multiple Devices to One Account
- OTP SMS Can Block Spammers and Bots Similar to Captcha Forms
- Reactivate User
- Securing Documents Online
1.Process and Approve Internet Banking Transactions
When you use Internet Banking and then conduct transactions such as money transfers, verification codes will usually be sent to your mobile number. The code is a secret code that is only valid for one-time use and with a certain time limit. Without the Bank’s OTP code, our internet banking transactions cannot be processed.
2. Changing a Bank Account on an Online Store Website
If you are an online business and sell products online at one of the online shops. Then the OTP code is very useful for managing payment data to your bank in the online store Platform that you use. The purchase money will be stored in a digital wallet in the online store that we use. The money from the sale will usually be collected and then disbursed to the bank account that we have.
At first glance, there is no problem from the transaction path, but when we want to change a bank account at an online store it will usually go through a validation process using an OTP code sent to our cellphone number.
If the activity is used by irresponsible people and ask us for OTP code and give it. Then the account access will be misused including changing our bank register.
If so, the money from the sale will go to the person in the bank account do these evil things. So if in the future you receive a call from an unknown person and claim to be from the Bank, from the online store, to the telegram or from another digital platform that you use and ask for a unique code sent to your mobile number, then do not the code is given once in a while.
The code is an OTP code whose secrecy is highly guarded, authorities such as banks, and several other platforms have reminded every user not to give the code to anyone who calls and claims to claim from their side. Because the bank and several related parties such as those who have a digital platform that we use never ask for the OTP code to their users.
3.Change Forgotten Account Password
When you have a social media account WhatsApp and Telegram there is usually a feature of forgetting passwords that can be used by users to change or change their account password if it’s not remembered anymore.
Including if when you access an application with a different mobile device, the system will usually process verification through the OTP Code to validate that the login made through a different mobile device is the original account owner.
4. OTP SMS Can Secure Multiple Devices to One Account
The Bulk OTP service can also be used to confirm when you want to secure multiple devices into an account to one account. So this ensures that all your devices are secure and linked to one account that you choose. This can also increase the security of your device and account.
5. OTP SMS Can Block Spammers and Bots Similar to Captcha Forms
A CAPTCHA is a type of challenge response test used in computing to determine whether the user is a human and not a bot. The OTP SMS service can serve the same purpose and be the tester you use to declare whether the user who is trying to access the account is a human or a computer.
6. Reactivate User
When application users or websites try to sign in after a long period of inactivity, OTP SMS can help ensure once again that your users are genuine and not hackers or spammers.
7. Securing Documents Online
OTP SMS is one of the best ways to protect sensitive and personal information. It creates security and testing confirmations about who receives access to this type of information and ensures that it is an honest member who requests access to that information.
