Advance Mobile OTP Concept for Online Money Transaction

Abstract

Online banking and money transfer mostly based on OTP to provide two step verification and security but still there are chances of OTP being attacked via SIM swap, smart phone Trojan plantation, now a days OTP system is also vulnerable. There is enhanced security feature option where we can design OTP for banking where we can secure it to the next level for money transfer. In case normal OTP get compromised by any way but still that would be challenging for the unauthorized person to decode the OTP for illegal transaction.