SMS Passcode is a multi-factor authentication solution that provides an additional layer of security beyond just a username and password. It uses dynamic one-time passwords sent via SMS to augment the login process. The solution has a global customer base and has won several awards for its security and innovation. It provides an intuitive login process where users enter their username, password, and the one-time password received via SMS. The document discusses how this two-factor authentication solution helps secure access to systems and provides location-based threat detection and alerts.