A one-time password is an automatically generated, time sensitive passcode, made of random numeric characters and sent via SMS or email to authenticate the customers' identity. No electronic fobs or tokens are required other than the user's existing telephone or email address.
One-time passwords from LexisNexis® Risk Solutions provide a phone number or email address that are already bound to the subject. The identity is assured by using a one-time password sent to the phone number or email address. This offers increased assurance with less friction during an identity proofing process. Contact us to find out more about implementing strong authentication with one-time passwords.
Collect evidence such as name, date of birth and home address to verify the identity exists.
Authenticate that the individual is who they say they are by sending a one-time password to the trusted contact method.