How to Register for One Time Password(OTP) in Nigeria

A new Measure has been set to enable you carry out transactions on any web merchant site that has integrated to the Interswitch payment gateway using a One Time Password (OTP) as a second level authentication process in addition to your Card Number, Card Expiry Date, PIN and CVV2 code.

WHAT IS ONE TIME PASSWORD(OTP)
It is a unique and time-sensitive password used as added security on web transactions. The password does not replace the four digit ATM PIN but provides a second layer of security. The password will be sent to you by email or SMS (depending on customer preference) and is valid for one transaction only.

Here are the steps required to register for the One Time Password(OTP).

HOW TO REGISTER FOR OTP

OPTION 1:

• Go to your nearest bank branch and request for your card to be
• enrolled for the OTP

OPTION 2:

• Go to the nearest ATM, and insert your ATM card
• Input your 4-digit PIN and press Enter
• Select your bank account type eg Savings or Current
• Select the 'Quickteller' option from the ATM menu screen
• Select 'Pay Bills' from the Quickteller menu list on the ATM screen
• Select 'Others' for the bill payment menu option list
• Enter '322222"as the Payment Code
• Enter your Phone Number as the Customer Reference Number and select 'Proceed'
• You will get a display"Do you want to make this payment?" Amount Due:N1
• DO NOT edit the amount to be paid
• Click on "Pay amount due"
  
• You will then get a confirmation page indicating the registration was successful

*Note that a surcharge of N100 may be applicable to a successful registration.

USING THE SAFETOKEN SERVICE
Once you are able to complete the registration either at the bank
branch or at an ATM, you will be able to receive One Time Passwords(OTPs) to complete online payments.

Please note that you may need to request for your card to be activated for online payments by your bank before you are able to completen online payments successfully.

BENEFIT OF ONE TIME PASSWORD(OTP)

• With OTP your web transactions are safer and secured
• OTP provides second level authentication for your web transactions
• Because OTP is valid for only one transaction, the risk of re-use by potential intruders is eliminated
• OTP is only send to the phone number or email address registered with your card
• OTP is system generated and hack-proof.