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National Bank of Abu Dhabi rolls out one time password for online purchases

Thursday 20 September 2012 10:01 CET | News

The National Bank of Abu Dhabi (NBAD), a UAE-based financial institution, has rolled out an one time password for online purchases.

The newly introduced security service sends cardholders a dynamic code via SMS for each online purchase to upgrade the cardholder’s safety measures against possible fraud.

NBAD’s One Time Password (OTP) is a 6-digit code which adds a second-level of authentication each time NBAD cardholders perform an online shopping transaction on a Verified by Visa / MasterCard SecureCode participating website. One-Time Password (OTP) is sent via SMS (on the cardholder’s registered mobile with the Bank). Those Cardholders who have an nbadOnline account can also use their nbadOnline RSA Token.
 


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Keywords: National Bank of Abu Dhabi, one time password, online purchases, security service
Categories: Fraud & Financial Crime
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Countries: World
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Fraud & Financial Crime






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