SMS authentication is used! in a variety of business situations. Here we will introduce some typical use cases to help you visualize when to implement SMS authentication.
Financial institution transaction and account opening authentication
Financial institutions are increasingly! introducing SMS authentication to ensure secure transaction approval. By verifying the identity! of users during transfers and account transfers, they can prevent transactions by impersonating others.
SMS authentication is also now used when opening an account. Taking! advantage of the era of one number per person recent mobile phone number data systems for authenticating identity using phone numbers have been introduced. This method was adopted relatively early on by online banks and securities companies in particular! and provides a double layer of security by requiring users to take a photo of their identity document with their smartphone and submit it! allowing them to open an account without identity verification by mail.
Authentication for points redemption
SMS authentication what are the best webinar platforms? is used when using point services such as point sites and credit cards online. When you have accumulated points and want to exchange them for products or electronic money, SMS is an effective way to determine whether the application is made by the person in question.
SMS authentication is also used when combining points from multiple cards. Although electronic money and points may be accumulated for each service, it is more convenient for users to be able to combine them. Highly secure SMS authentication is used to prevent malicious users from stealing points.
Limited edition identity verification
SMS authentication is also used for the sale of limited products that are limited to one per person or limited services that are limited to one per person. A typical example is the sale of tickets for concerts, etc., where authentication lithuania phone number with an email address could lead to the same person purchasing multiple tickets and reselling them.