PaySáf System
The purpose of your business is to prevent scam and improves system and security reliability.
PaySáf solves the SMS OTP scam problem. PaySáf also improves user experience and reliability.
PaySáf is a security feature handle the authentication process by App. Authentication codes, such as Time-based One-Time Passwords (TOTP), can provide several advantages over SMS-based One-Time Passwords (OTP) for authentication purposes. Here are a few reasons why authentication codes are often considered better than SMS OTP:
Security: Authentication codes are generally considered more secure than SMS OTP. SMS messages can be intercepted or redirected, making them susceptible to attacks such as SIM swapping or SMS phishing. On the other hand, authentication codes generated through TOTP algorithms are time-based and are typically stored securely within the user's device, reducing the risk of interception. With PaySáf, the authentication code is embedded within the App and user need not enter the code separately but only one click away to approve the transaction.
User Experience: PaySáf provides a smoother user experience compared to relying on SMS OTP. It is designed to be user-friendly, allowing users to quickly approve transaction with a simple tap or scan. They eliminate the need to wait for an SMS to arrive.
Costs Effective: PaySáf need not connect to SMS service providers / Telco to deliver the SMS OTP. Thus is more cost effective by eliminating the Telco’s SMS costs.
It's worth noting that both authentication approval and SMS OTP have their pros and cons, and the choice of authentication method depends on various factors, including security requirements, user preferences, and the level of convenience desired. However, authentication approval generated through TOTP algorithms are generally considered a more secure and user-friendly option compared to SMS OTP.
Reach out to our team at 603-27323831 or email us at halo@sanctuaryict.com to find out more about PaySáf.
