Sunday 28 October 2018

What Is Verification Process & How It Works?

SMS has great relevance in online transaction security. SMS verification system is used by many organization and financial institutions like banks and insurance companies to authenticate genuineness of their customers. Some other companies have verification system using SMS code for verification purpose. The commonly used terms SMS code, PIN, verification code, one-time password (OTP) and any other like term are part of verification system which used for individual’s registered mobile number (RMN).
Relevance of SMS verification system
Why SMS is used for verification system? Account protection and password security are sensitive matters and are very crucial to protect user’s identity and personal information. Verification tools have become more popular as trend of account access and monetary transactions on internet-based channels has got prevalence. The hacking incidents are on the rise and risks have increase. Internet channels are prone to hacking and data leakage risks and thus authentication becomes the responsibility of organizations in the interest of and for the protection of their clients. Cybercrime is mainly responsible for dramatic increase for the use of verification tools by sending verification code on user’s SMS number. Click here to know more about #receive sms online.

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