Credit Card OTP Generation
Make transactions and online purchases safe and secure with One Time
Password Generation.
Password Generation.
Experience the all-new Kotak Netbanking
Simpler, smarter & more intuitive than ever before
Experience the all-new Kotak Netbanking Lite
Simpler, smarter & more intuitive than ever before. Now accessible on your mobile phone!
OTP in credit card transaction is a numeral code customers receive to their registered mobile number when carrying out an online transaction, helping finance companies verify a transaction and ensure its authenticity. A credit card OTP generation is useful in verifying credit card transactions, acting as a resilient layer of security for card transactions.
Read on to learn more about credit card OTP number and utilise Kotak credit card OTP generation to get started.
In the following sections, you will learn the benefits of using a credit card with OTP generator:
A credit card generator with OTP uses an OTP-based authentication mode to perform credit card shopping. It is an alphanumeric or numeric code that a credit card OTP generator app generates using the Hashed Message Authentication Code-HMAC algorithm, like an event counter or time-based information. Each code has a time limit for an extra layer of security. Once generated through a text message, email address, or token, it remains valid for only a few minutes. After that, it becomes useless and the customer cannot perform credit card shopping without OTP.
The credit card OTP generator provides an OTP through the following steps:
Entering the OTP confirms that the legitimate cardholder has initiated the purchase. Kotak Mahindra Bank credit card OTP generation is a simple yet effective way to authenticate a cardholder while reducing the risk of fraudulent activities on credit cards.
A credit card OTP generator app might use different security measures to ensure the safety and integrity of the passwords. These include the following:
Cred verification OTP can be of two types: HOTP and TOTP. Let’s compare them to make an informed decision:
Parameter |
HOTP | TOTP |
---|---|---|
Full Form |
HMAC-based One-time Password |
Time-based One-time Password |
Basis |
Event based |
Time based |
Validity |
Valid until the user actively requests another OTP |
Valid only for 30-60 seconds post-generation |
Here are a few instructions and troubleshooting tips for users when using an OTP credit card:
OTP is a numeric or alphanumeric code a customer receives on their registered mobile number or email address to authenticate a credit card transaction.
When a cardholder initiates a credit card transaction, the credit card with an OTP generator generates an OTP to secure the transaction through two-factor authentication.
Credit card OTP numbers can be of two types: HOTP (event-based) and TOTP (time-based).
No, an OTP in a credit card transaction is not mandatory. It depends on the credit card company’s policy and implemented security measures.