23.12.16

SMS and OTP for online security for financial transactions

The Internet is the world of heavy possibilities as well as here we find the most difficult part is to secure online privacy. With due course of time Facebook emerges as the single most defined parameter to provide the most administrative privileges to users in controlling their online privacy and other issues. It did empower users to provide more and more rights to control what contents to
be viewed by others. The most difficult part of online activities involves in using online transactions.

Online transactions deal with sending and receiving money. Most times, users dealt with paying out or buying from electronic commerce sites or paying telephone bills are others via internet. It involves the processes where internet banking or debit or credit cards transactions or others should be dealing with it and in the process one need to find it where entire processes involving with managing the stipulated actions where this should be connected with yours bank account for paying out of money out there.

With due course of time, we have seen the presence of larger amount of security in these financial transactions where the involvement of mobile devices becomes extreme paramount. We have sen the presence of one time password application of many banks which do provide the facilities to use internet banking, debit cards, credit cards or other money cards. With the advent of government of the day facilitating for the presence of use of cashless economy we have seen the extreme amount of use of such cards which should be using these cards for any such online transactions.

It creates the stage where we could find to buy anything online without need for paying with cash.It is totally cashless payment and even 2G, 3G or 4G connectivity we could pay without any delay. For most of internet banking transactions mobile authentication such as installing banking application and logging into it with user name and password so as to see the details of banking transactions as well as the OTP application such as OTP app can provide another offline or online OTP in order to have the securest form of internet banking.

This ensures the use of mobility that should be registered by the account holder and authenticated by the branch concerned so that either in the form of sms or in the form of OTP where it needs another authentication from the same mobility which should be registered with branches. In this way as well as while allowing you to use such security technologies one could find these use to be extremely secure and mostly the seamless transactions that makes internet banking the most useful and secure.

Most of well known banks do tend to see the presence of such securest form of technology where we could see the use of such and such brilliant aspect of hardware security in terms of using the mobile that makes entire prospects of internet transactions better. Remember not to use such bank accounts from banks which do not provide such and such extra security while dealing with online financial transactions. With your own mobile generating OTP or receiving SMS then it is aptly clear that from now on using bank accounts for financial transactions should be better with the prospect of security as the paramount importance.

Here, one should not lend one’s registered mobile to others as there are chances of them for using these as for their own benefits. Always keep password protected your mobile so as to make it completely secure and even if hackers, got your phone still it ought not reach into its dashboard due to stronger password security of screen lock. It is all these security parameters that make entire processes of security complete with strict vigilance on the part of yours.