Advanced method of secure authentication for online payment | Topically - Infotalk | In English

New method of security application for online payment. before we have to know what are the disadvantages we are having in our normal online payment method. While doing online payment we have to enter our card details pin number and OTP in the payment screen. In this way we will ensure that our online transaction has some problems. Now we will see those problems one by one.

Problem number 1

If that particular system is hacked by the help of that IP address then all the details which we are going to enter in the payment screen will be recorded by the hacker. And they can misuse that information in any payment domain.

Problem number 2

Hackers also can get OTP details with the help of sniffing technology. So these are the essential details for the hackers to do any payment transactions to perform without users knowledge.

Problem number 3

If we are using any public free Wi-Fi 10 for hackers what will be very easy. Because hackers can easily hack public Wi-Fi routers with all our details they can collect from that router.

These are all the problems we are facing in the normal usual method of payment.

Let's see how the new method of authentication works.

This new method was implemented in one of the banks located in the Netherlands. This bank is very popular in the Netherlands because this Bank provides high end security to perform online transactions. While we open an account in the bank they will provide a kit box. That kit box contains an ATM card identifier kit and USB cable. That identifier kid will serve as an extra layer for the security. So whenever we are doing some online transactions the auto generated OTP will be served by that identifier kit so hackers can't hack that auto generated OTP for every transaction. For every new transaction a 4 digit pin will be automatically generated in that identifier kit so for hackers there is no chance to hack that account, it will be more secure.