When you are making payment for your bulk SMS account using QuickTeller, the OTP requested can be generated through the following major means:
The bank account number security token: After registering an account for online transactions, many banks provide a time-synchronized device which generates OTP for online transactions. Found on this device are digits which changes occasionally each them you request for the password. The numbers that appears on this device as at the time of making the transaction can be used as a One Time Password.
Text message to your phone number: Some banks usually send the One Time Password to the phone number you registered with your bank account at that point of transaction, provided your account is registered for making online transactions.
Banks in some countries uses other means in addition to the ones mentioned above to send OTPs to their customers for online transactions. In Nigeria though, the means mentioned here are the major ones used by indigenous banks.
It should be noted though that this One Time Password usually has a validity period for a particular online transaction. When using the token, the device usually trips off when the password expires. And if it’s sent to the phone number, the validity period usually ranges from 5-10 minutes, the time varying for different banks.
If the token expires before you are able to use it for your transaction, you can just generate another with the device, and if you get your passwords on the phone as a text message, simply cancel the current transaction and try it again.
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