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Payment authorization and one-time passwords – Mobile Token

ID: 6fb6c655-ba88-55a0-b71c-5b7cf6d034ab

STIX ID: report--6fb6c655-ba88-55a0-b71c-5b7cf6d034ab

Feed Name: HackRead

Date Published: 2024-03-29

Date Updated: 2026-04-22

Author: Uzair Amir

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The document outlines the role of mobile tokens in banking security, describing OTP-driven authorization and two-factor authentication for transactions, highlighting usability, PSD-2 compliance, and cost-effectiveness, and positioning mobile tokens as a seamless, secure method to protect mobile and online banking.

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