FreeCharge's alternative to OTP a wake up call ...

FreeCharge's alternative to OTP a wake up call for other companies

Sam 1520
Deal Subedar
7
63
1974
23

FreeCharge’s alternative to OTP a wake up call for other companies

In what is perhaps the first sign of new age Indian companies waking up to the potential of patents, Snapdeal-owned digital payments firm FreeCharge has indigenously developed an alternative to the SMS based one-time-password and has already filed a patent for the technology.

The authentication solution termed as ‘On The Go Pin’ is aimed at making both online as well as offline transactions faster by cutting the delay caused in receiving the OTP through text message.
This could become a trendsetter of sorts in the industry — dominated by the likes of Flipkart, Snapdeal and Paytm — which are heavily investing in R&D to develop various breakthrough technologies in the online space. However, filing of patents is still rare.

The technology developed by FreeCharge replaces the OTP received through the mobile airways with a pin that resides within the phone and keeps changing every few seconds.

In the backend, the servers of the bank and the merchants verify the pin in order to process the transaction. Govind Rajan, the chief operating officer of FreeCharge, said it eliminates wait time for both the retailers as well as customers since often there is a considerable delay in receiving OTP due to network connectivity issues.

This system fulfils the Reserve Bank of India’s (RBI) mandate for two factor authentication and does not require even a single paisa of additional investment by retailers or customers," said Rajan, who is also the chief strategy office of Snapdeal.

FreeCharge has already stuck a deal with Shopper’s Stop which will start transactions using the new technology.

Source- ET

25 Comments  |  
14 Dimers
Dd
Critic
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15160
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The authentication solution termed as ‘On The Go Pin’ is aimed at making both online as well as offline transactions faster by cutting the delay caused in receiving the OTP through text message… The technology developed by FreeCharge replaces the OTP received through the mobile airways with a pin that resides within the phone and keeps changing every few seconds. In the backend, the servers of the bank and the merchants verify the pin in order to process the transaction.

Can someone explain the mechanism in layman’s terms?

@DealSeeker @Dr Anshuman @cybertechie @getready
…and the greatest of all techies… @Achilles https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

Sam 1520
Deal Subedar
7
63
1974
23

u have tagged almost ankit fadias of Dd , they will surely help us out

Samantha
Deal Lieutenant
22
63
4448
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OP,
How this is different from State Bank Secure OTP App?

Missing
Tech Guru
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@Magus wrote:

bq. The authentication solution termed as ‘On The Go Pin’ is aimed at making both online as well as offline transactions faster by cutting the delay caused in receiving the OTP through text message… The technology developed by FreeCharge replaces the OTP received through the mobile airways with a pin that resides within the phone and keeps changing every few seconds. In the backend, the servers of the bank and the merchants verify the pin in order to process the transaction.

Can someone explain the mechanism in layman’s terms?

@DealSeeker @Dr Anshuman @cybertechie @getready
…and the greatest of all techies… @Achilles https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif


I guess the PIN is generated by the app and is communicated via Internet thereby bypassing the SMS gateways?

Maxresdefault
Deal Major
110
6,452
19688
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@Dr Anshuman wrote:

@Magus wrote:

bq. The authentication solution termed as ‘On The Go Pin’ is aimed at making both online as well as offline transactions faster by cutting the delay caused in receiving the OTP through text message… The technology developed by FreeCharge replaces the OTP received through the mobile airways with a pin that resides within the phone and keeps changing every few seconds. In the backend, the servers of the bank and the merchants verify the pin in order to process the transaction.

Can someone explain the mechanism in layman’s terms?

@DealSeeker @Dr Anshuman @cybertechie @getready
…and the greatest of all techies… @Achilles https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif


I guess the PIN is generated by the app and is communicated via Internet thereby bypassing the SMS gateways?


Exactly
They wrongly quoted Airwaves for Airways it seems
something like In-flight mobile usage using Satellite airwaves
and if this is true, this should be end of bluestacks usage

Sam 1520
Deal Subedar
7
63
1974
23
@Dr Anshuman wrote:

@Magus wrote:

bq. The authentication solution termed as ‘On The Go Pin’ is aimed at making both online as well as offline transactions faster by cutting the delay caused in receiving the OTP through text message… The technology developed by FreeCharge replaces the OTP received through the mobile airways with a pin that resides within the phone and keeps changing every few seconds. In the backend, the servers of the bank and the merchants verify the pin in order to process the transaction.

Can someone explain the mechanism in layman’s terms?

@DealSeeker @Dr Anshuman @cybertechie @getready
…and the greatest of all techies… @Achilles https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif


I guess the PIN is generated by the app and is communicated via Internet thereby bypassing the SMS gateways?

no ,not internet. as far as I think something wirelessly via mobile network of companies.

Sam 1520
Deal Subedar
7
63
1974
23
@getready wrote:

@Dr Anshuman wrote:

@Magus wrote:

bq. The authentication solution termed as ‘On The Go Pin’ is aimed at making both online as well as offline transactions faster by cutting the delay caused in receiving the OTP through text message… The technology developed by FreeCharge replaces the OTP received through the mobile airways with a pin that resides within the phone and keeps changing every few seconds. In the backend, the servers of the bank and the merchants verify the pin in order to process the transaction.

Can someone explain the mechanism in layman’s terms?

@DealSeeker @Dr Anshuman @cybertechie @getready
…and the greatest of all techies… @Achilles https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif


I guess the PIN is generated by the app and is communicated via Internet thereby bypassing the SMS gateways?


Exactly
They wrongly quoted Airwaves for Airways
and if this is true, this should be end of bluestacks usage

yes bro, airwaves it should be

Dd
Critic
23
322
15160
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@Dr Anshuman wrote:

I guess the PIN is generated by the app and is communicated via Internet thereby bypassing the SMS gateways?


So, this is possible only for transactions on mobile app? Desktop?

Missing
Deal Subedar
0
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1748
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I dint knoe ehy , It it sound to me Ecactly like the Goodle 2 Step Authentication Process used in Gmail.. :/ :/

Dd
Critic
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15160
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@aswaniexpress wrote:

OP,
How this is different from State Bank Secure OTP App?


Never tried it. Can you tell me what exactly happens there? https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

Maxresdefault
Deal Major
110
6,452
19688
229
@Magus wrote:

@aswaniexpress wrote:

OP,
How this is different from State Bank Secure OTP App?


Never tried it. Can you tell me what exactly happens there? https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif


OTP can be generated online
offline through any mobile number as per our choice

Tumblr nn53ya70cn1suu3yio1 500
suspended
8
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it’s like Google code generator?

Samantha
Deal Lieutenant
22
63
4448
95
@getready wrote:

@Magus wrote:

@aswaniexpress wrote:

OP,
How this is different from State Bank Secure OTP App?


Never tried it. Can you tell me what exactly happens there? https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif


OTP can be generated online
offline through any mobile number as per our choice


@Magus , you got answer.

Dd
Critic
23
322
15160
229

@getready @aswaniexpress
Is it like, the OTP can be used for any SBI txn within a particular time frame? How do they link the OTP to particular txn? Hope these are not such dumb questions. https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

Matrix stickmen
Perfectionist
30
2,278
42775
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@Magus I am busy with some other work so I can’t go into details, but this basically sounds like a software derivative of the RSA SecurID tokens.

Read: https://en.wikipedia.org/wiki/RSA_S...ID
Watch: https://www.youtube.com/embed/k_zpb...mc

P.S. I first used these way back in 2005 for VPN access to a large multinational company.

Draw
Blogger
10
1,195
56802
1153

SD +Fc have filed for patent , that means the process is new and not presently being used.

Various banks issue a dynamic pin changing device linked to the customer online login, so the pin to be keyed in based upon the output on device ( small size digital display and device size is like eraser,/bank charges > 1k one time ).

Hence, the process is same and intended to bypass and dependency on mobile network.

May be similarly, the process can be done inside a app resides in mobile but it will be helpful to safeguard the online transactions at other PCs. If the smart phone lost and fraudster get the dynamic pin the. App., the mis use can not be controlled. A software already working like justpay in smartphone ( pre loaded) , which copies the incoming SMS and fed in the OTP screen.

Read
http://www.techrepublic.com/article/pro-tip-use...
Pro tip: Use Dynamic Pin on your Android device for even more security
If you’re looking for a better means to secure your Android device, Jack Wallen has a possible solution in Dynamic Pin.

Cutee
Deal Subedar
0
262
2048
24
@tpanigrahi63 wrote:

it’s like Google code generator?


“Google Authenticator App” to be precise… which generates new codes every few seconds on some pre-defined algorithms.

Dd
Critic
23
322
15160
229

@DealSeeker That Wikipedia article was so layman! https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

Matrix stickmen
Perfectionist
30
2,278
42775
736
@Magus wrote:

@DealSeeker That Wikipedia article was so layman! https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif


Ha haa. I knew somebody would say that. Exactly why I took the effort to search for and include that Youtube video. I hope at least that was not too hard to understand.

Dd
Critic
23
322
15160
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@DealSeeker wrote:

Ha haa. I knew somebody would say that. Exactly why I took the effort to search for and include that Youtube video. I hope at least that was not too hard to understand.


Can’t say for now. Have been on mobile data since the beginning of Dec. No data for videos. https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

S34
Deal Subedar
2
118
1548
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Exactly!

RSA SecurID

Anything to get PR and covered and talked about!

Samantha
Deal Lieutenant
22
63
4448
95
@Magus wrote:

@getready @aswaniexpress
Is it like, the OTP can be used for any SBI txn within a particular time frame? How do they link the OTP to particular txn? Hope these are not such dumb questions. https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif


for every transaction you can generate OTP through that APP. I very rarely use SBI. so never tried that. but got to know by my friend.
for more info: https://m.onlinesbi.com/sbijava/mobile/sbsecure...

My name
Deal Lieutenant
0
317
3182
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@aswaniexpress wrote:

@Magus wrote:

@getready @aswaniexpress
Is it like, the OTP can be used for any SBI txn within a particular time frame? How do they link the OTP to particular txn? Hope these are not such dumb questions. https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif


for every transaction you can generate OTP through that APP. I very rarely use SBI. so never tried that. but got to know by my friend.
for more info: https://m.onlinesbi.com/sbijava/mobile/sbsecure...


Have to check this app tomorrow because of this.
http://www.desidime.com/forums/dost-and-dimes/t...

Missing