What use cases does the 2FA API support?
The 2FA API supports customer-facing security for various use cases, from new user verification to secure account access, password reset and transaction authentication.
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Registration
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Continuous access
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Transaction authentication
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Password reset
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Why
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Minimizes fake accounts and spam
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Reduces account takeovers and stolen identities
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Identifies fraudulent transactions & reduces chargebacks
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Reduces account takeovers, avoids account lockout, & reduces inbound calls to contact centers
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How
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Onboarding users register through the website or app
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If the user accesses their account from a different device or location, then the enterprise triggers access 2FA
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Authenticating transactions, payments, and money transfers
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When a user resets a password, the system sends an OTP to the mobile device and the user enters the code on the password to reset the webpage
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By applying 2FA procedures throughout the customer journey with tyntec’s API, enterprises will:
- Stop fake accounts and bots at registration
- Minimize account takeovers throughout the security journey in a user-friendly way
- Secure customer accounts worldwide with channels that don’t require smartphones, apps or data connections.
Find more information about use cases in our Multifactor Authentication Guide.