MoCrypt
What is MoCrypt?
Moqom's MoCrypt is:
- A one time code that can be used to verify a transaction or anywhere where security and authetication are required
- MoCrypt can be delivered using mobile phones
- The Sender uses a key to generate an One Time Code
One Time Codes are different each time they are generated
- The Receiver uses the same key to verify the OTC
- OTC's are time limited
They will expire after a given period of time
The codes must be entered immediately after generation
How might MoCrypt be used?
- Online purchases
Provide cardholders with authentication codes that can be used to authorise an online purchase or any other transaction that requires additional authentication or authorisation
- Online banking transactions
Provide financial institution account holders with authentication codes to log into secure online banking WebPages
- Access to computer system
Provide workers with secure access codes used for authentication when logging into computer systems
- Access to buildings
Provide workers with secure access codes used for authentication when accessing a highly secure physical site
MoCrypt Key Benefits
- Utilises mobile phone signalling channels. Works even in very poor mobile network areas
- Very fast compared to SMS - 7 times the speed of SMS
- Supports existing mobile technologies (GSM, CDMA, WCDMA, 3G, GPRS, EDGE, HSDPA, LTE)
- Instant rollout
- Secure and fast
- No roaming issues
- Signalling traffic - Will work where mobile phones won't
- No Multiple Device Issues - No need to carry additional devices for authentication