BSP directive to replace OTP as authentication method welcomed by Pinoys

Filipinos embraced the news that the Bangko Sentral ng Pilipinas (BSP) has directed banks to phase out the use of OTPs (One-Time Pins) for transactions. A draft memorandum reportedly instructs financial institutions to replace text-based OTPs with fingerprint, facial recognition, or other biometric authentication methods. The BSP explained that biometric authentication verifies a customer’s identity […] The post BSP directive to replace OTP as authentication method welcomed by Pinoys appeared first on Interaksyon.