OTP (One-Time Password)
A temporary code for verification, enhancing transaction security.
Detailed Description
OTP (One-Time Password)
What is the main purpose of an OTP?
The main purpose of an OTP is to provide an additional layer of security during the authentication process.
How are OTPs typically delivered to users?
OTPs are typically delivered via SMS, email, or dedicated authentication apps.
What are some common use cases for OTPs?
Common use cases include online banking logins, e-commerce transactions, mobile payments, and account changes.
What are the advantages of using OTPs?
Advantages include enhanced security, increased user confidence, and flexibility in delivery methods.
What are the disadvantages associated with OTPs?
Disadvantages include user inconvenience, dependence on communication channels, and potential for interception.