one-time-password-credit-cards

Missed Call to be used for Credit Card 2nd Factor Authentication in Online / Mobile Transaction

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MissedCall Authentication in India for Online ShoppingAfter looking into Massive Credit Card Frauds in Online Transactions happening Abroad for Cards Issued in India, CardBhai – Credit Advisory floated the idea of 2nd Factor of Authentication for Card Not Present Transactions such as Online Shopping. Earlier in March, the RBI mandated Credit Card Issuing companies to upgrade their systems for Additional Authentication for Online Transactions. HDFC Bank went a step ahead and gave consumers a choice of One Time Password sent to their Mobile which could used to complete the Online Transaction.

Now for the second factor of authentication banks have come up

Read moreMissed Call to be used for Credit Card 2nd Factor Authentication in Online / Mobile Transaction

HDFC Credit Cards Roll-Out “One Time Password” for Online Transactions

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HDFC Cards OTP-1India’s Largest Credit Card issuer, HDFC Credit Cards today informed us that they have rolled out One Time Password [OTP] authentication for Online Transactions. Consumers now have a choice to use either MasterCard SecureCode / Verified by Visa OR One Time Password which will be sent to the customers registered e-mail id as well as mobile phone.

As soon as we received the call, we decided to test it out by paying Reliance Communications bill online. As shown in the image above, you are provided a choice.

Read moreHDFC Credit Cards Roll-Out “One Time Password” for Online Transactions