Together we'll discuss the implementation on Text Messaging Authentication in the Sharp BancSystems, Online Banking System.

1. Text Messaging in
Online Banking
Scott Sharp

2. Overview
• Authentication
• Simple Services
– Password Reset
– Balance
– Support
• Notifications
• Bi-directional Communications

3. Step 1 - Authentication
• Register Mobile Phone
• Basic Authentication
• Out-of-Band Validation
• Done
No More Expensive
Tokens!

4. Authentication Benefits
• Complex Algorithm to protect
random passcode generation
• Protects Against Man-In-
Middle
• Simplifies user login by
removing security questions
• Increased login security
available to wider number of
users

5. Future Services
• Password Resets (in
development)
– Out-of-Band Authentication
• Simple Services
– Password Reset
– Balance
– Support
• System Notifications

6. Options
• Contracts: Additional Services
– Basic Authentication (free)
– CSC or Other Services Optional
– Future Additions included w
maintenance
• Dedicated Line (Send/Receive) in
Bank Area Code
• CSC – Common Short Code
– Dedicated 5 or 6 digit #