Mobile authentication components such as One-Time Passwords (OTPs) or Mobile Transaction
Authentication Numbers (mTANs) in transaction processes are considered effective in preventing fraud and proving identity.

This white paper outlines the results of a study, compiled from four global regions, about the current usage of mobile authentication. 

Key takeaways of this study include:

• Most of the organizations use SMS-based two-factor or two-step authentication
• On occasion, SMS-based One-Time Passwords (OTPs) are not delivered correctly
• For security purposes, location and validation of the number in real-time is considered valuable
• Ease of use is the major benefit of SMS-based two-factor authentication