NBAD offers dynamic password for online purchases

Abu Dhabi: The National Bank of Abu Dhabi (NBAD) has launched a security service that sends cardholders a dynamic code via SMS for each online purchase to further increase the cardholder’s safety measures against possible fraud. NBAD’s One Time Password (OTP) is a 6-digit code which adds a second-level of authentication each time NBAD Cardholders perform an online shopping transaction on a Verified by Visa / MasterCard SecureCode participating website. One-Time Password (OTP) is sent via SMS (on the cardholder’s registered mobile with the Bank). Those Cardholders who have an nbadOnline account can also use their nbadOnline RSA Token. The One Time Password replaces the existing static Verified by Visa / MasterCard SecureCode password which previously required an activation code as well.