Transaction Verification Code definition

Transaction Verification Code means the one-time numeric code for transaction signing/authorization which is generated by the Security Device / Mobile Secure Key after the relevant numeric values relating to each transaction are keyed-in into the Security Device / Mobile Secure Key in accordance with the steps explained in our Online Banking/ Mobile Banking App.
Transaction Verification Code means the one-time numeric password generated by the Security Device / Mobile Secure Key for performing selected transactions after the relevant numeric values relating to each transaction are keyed-in into the Security Device / Mobile Secure Key.

Examples of Transaction Verification Code in a sentence

  • In case Customer discovers that Customer's Username, Access Password, Transaction Verification Code (OTP), OTP receiving device (Token, mobile device) of Customer is lost or stolen or a transaction has been generated.

  • Using resources from TechPay Network, a Dapp can provide reliability and safety in its operation thanks to security features like encryption via Transaction Verification Code (TVC).

Related to Transaction Verification Code

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  • Xxxxxxxx-Xxxxx Certification As defined in Section 11.05.

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