Netiks | One Time Password (OTP): An Extra Layer of Security


The Netiks One Time Password (OTP) solution helps you keep your account safe, even if someone knows your username and password. It basically works as follows:

To sign-on to your account you enter your password as usual. You then enter a one-time code you get via SMS or via the Netiks OTP mobile app.

Instead of relying on your password only to protect your account, you still need your mobile phone to access your account. This makes it more difficult to hack your account.

Signing in requires 2 elements: something you know (your password) and something you have (your phone). OTP codes are uniquely crafted for your account when you need them. They will be either sent to your mobile phone via SMS or you will get them using the Netiks OTP mobile app.

If your phone is not available, you can choose to generate backup codes and use them to login when you don't have your phone with you, for example when you are traveling. Each of these codes can only be used once. If you are running low on codes, you can always generate new codes.

  • Our app for Android and iPhone works even when your device has no data connectivity (no cellular network or internet connection). This is a major difference with vendors.
  • Customers can use their phone to generate OTP, whereas most vendors require customers to purchase hardware tokens to generate OTP.
  • The enrollment process can easily be done online. Customers do not need to visit the branch to subscribe to the service.
  • The OTP can generate codes for several accounts on the same device, for example for your individual banking account and your joint account.
  • The product can be further customized to your specific needs.


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