Trust is one challenge facing Nigeria’s tech industry, especially when it comes to payment, and many companies involved in online businesses has been fighting to make Nigerian consumers feel safer when they want to use their debit/credit cards online for local transactions.
It is for this reason that Interswitch introduced Safetoken, a service to enhance security while making payments online. The service will further protect users from any form of fraud, phishing or identity theft.
What is Safetoken?
Safetoken is a system which generates a One-Time Password (OTP) for you to complete online payments. The OTP is required only when the transactions exceed the set limit by your bank and is valid for a short period of time (about 9 minutes). Once an SMS is received with your OTP, users must use it immediately.
Here is a quick walk through from Interswitch:
Input your ATM card and 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 Biller 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.
After you have completed the registration and you are attempting a payment on WebPAY, you will be required to send an SMS to a shortcode provided on the payment page in order to receive an OTP with which you can then complete your online payment.
The regular bill payment convenience fee of 100naira will be deducted for registering for this service via the ATM.
Registration can also be done online via quickteller.com but your bank will need to validate your web registration before it becomes active. You can also contact your bank directly to validate you after registering on the quickteller website.
Have you registered for safetoken or used it for online transaction lately? What do you feel about the system?