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The best way to outsmart hackers is to validate users with One-Time Passwords (OTPs) sent over SMS.
However, not every business has the resources to set up an in-house OTP system.
This is where OTP providers come in.
But since OTPs are a delicate matter, most businesses need help finding a reliable provider.
And for them, the OTP marketplace is the best shot.
An OTPmarketplaceconnects businesses and organizations with multiple OTP providers.
One such marketplace is RingCaptcha (more on this below)!
Firstly, the user must enter the credentials they had set for the account.
Next, they need to verify through a code, or OTP sent to their registered equipment.
Ideally,85%of accounts prefer receiving OTPs via SMS.
Sounds like a dealbreaker?
Were not making this out of thin air.
76% of users claim they often give up on a purchase because of password issues.
Passwordless authentication can help you do both, validate users and retain customers.
OTP-backed two-factor authentication is innately more secure than passwords when making online transactions.
We say so because OTPs cant be used for attack since they become invalid after a set time frame.
Since OTPs become invalid shortly after theyre generated, OTPs are worthless to hackers.
And thus making every transaction secure for the customers and your business.
Obviously, users enjoy it when not asked to remember passwords.
OTPs offer a simple, user-friendly experience.
One simple integration makes verification quick and easy through a users mobile gear.
Plus, users can avoid paying extra charges or performing another tiresome login process.
You see,
Organizations can easily integrate verification APIs into their product or apps.
Soon enough, you realize the ROI of integrating SMS OTPs is well beyond expectations.
Even if you dont prefer setting up an in-house system, you might choose a reliable OTP provider.
How to Choose an OTP Provider?
When making a choice, its better to have a selection criterion in place.
Below listed are some factors you should consider when choosing an OTP provider for your business.
ShoutOut
ShoutOut provides SMS API integration for better customer engagement and communication.
Its an excellent choice for small and medium-sized businesses.
You also get access to other features like fraud analytics, verified/blocked lists, deliverability optimization, and more.
Exotel
Exotelis a leading and reliable enterprise cloud communications company.
With Exotel, you might achieve a handsome delivery rate of 92%.
Besides, the platform offers a 7-day free trial, with 1000 free calls and SMS credit.
The platforms OTP SMS solution ensures easy, secure, and reliable security for your utility.
OneLogin
OneLoginis a leading identity and access management solution trusted by over 5000+ customers globally.
SecureMFA
SecureMFAprovides OTP authentication for Microsoft ADFS (Active Directory Federation Service).
Its SMS OTP solution helps confirm user identity, safeguard your customer data, and strengthen overall online security.
ClickSends pay-as-you-use software saves you from getting bottlenecked in lock-in contracts with recurring monthly fees regardless of use.
With over 90,000+ customers sending billions of messages around the USA, ClickSend still breathes high-performance deliverability.
Its user-friendly 2FA Verifier API is easy to set up and seamlessly integrates with your workflow.
D7 Networks is a go-to choice for start-ups and enterprises.
Moreover, outsourcing OTP services from providers eliminates the daunting task of managing an in-house OTP system.
That too, if you care to choose a reliable OTP provider marketplace.
To help you with the hunt, the above-curated list of OTP providers is an excellent choice for SMBs.
However, see to it to choose a provider that suits your business needs.
You may also explorebest SMS marketing platformsto engage with your users.
