SMS Based mBANKING SOLUTION
m-BANKING
UStronics provides SMS notification to bank customers for any deposit, withdrawal, credit and debit activities in their bank accounts. This service provides bank customers to receive computer generated notifications on their cell phones immediately after a credit or debit occurs in their account. This service provides an opportunity for customers to be aware of all recent activities in their accounts in real time and quickly react to and inform the bank of any unauthorized activities in their accounts. For banks, the benefit will be manifested in the form of an increased public trust in their transparency and accountability vis-a-vis their customers. For customers, it would be a peace of mind that their account with commercial banks are safe and secure. With such service, customers are assured that no activities in their accounts will go unnoticed. This service is another added benefit by banks to their customers to provide them with the peace of mind and retain their long term loyalty.
mBanking app is also providing SMS based Two-factor authentication service to the banks which they require users to have two things to get into their account. Something they know (the password) and something they have (an additional security code via SMS to mobile device).
Banks can enable SMS-based two factor authentication, the service will send your mobile phone number a text message containing a one-time code whenever you sign in from a new device. So, even if someone has your username and password for that account, they won’t be able to sign into your account without access to your text messages.
The SMS based two-factor authentication provides a huge amount of protection for important accounts like your email, social media, and bank accounts. This is especially true if you re-use passwords. Many people re-use passwords at multiple websites and, when one website’s password database leaks, that password can be used to sign into their email accounts.