Route Mobile in talks for OTP-less transactions
Cloud communications company Route Mobile Ltd is in talks with major e-commerce and payment platforms to enable a solution that will authenticate financial transactions without the need for a one-time password (OTP), a chief executive said. At the same time, he said it would be safe since the solution would arm telcos with a mechanism to identify the nature of a transaction, and act as an additional layer of security to filter genuine transactions from transactions that could be fraudulent. Of course, if the talks are successful, such a solution would have to jump through several regulatory hoops before launching.
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