OTP stands for one-time password, which is a security technique that produces one single use password or passcode at present time intervals, provides protection against various password-based attacks, specifically password sniffing and replay attacks. It provides more enhanced protection than static passwords, which remain the same for multiple login sessions. OTP works through randomness algorithms that generate a new and random password each time they are used in order to prevent a hacker to guess the future password.

Currently OTP service is activated in the electronic services payment to provide more security and protection for customers who use Debit cards. KNET took into account the highest security standards for electronic payment services and sought to this technique to provide a safer services for both the user and the World Banks.

OTP step by step

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