Consumers are demanding faster, more agile mobile transactions and you need to be sure you are executing identity verification and fraud detection to protect your business from risk.
Experian’s Multifactor Authentication, or one-time-password (OTP) solution is a two-factor authentication service that you can add to your current authentication process without causing customer friction. With this additional layer of identity verification, you can increase your pass rates, implement phone intelligence checks to ensure you are reaching the right consumer for authentication, and add security to risky or high value transactions.
73 percent of US adults use text messaging
Provides a second tier of authentication
Custom or random One-Time Password (OTP) generation