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OTP Not Mandatory For Minor Transactions

OTP Not Mandatory For Minor Transactions OTP Not Mandatory For Minor Transactions

The Central Bank of Iran published a note on its website to clarify ambiguities about the one-time password that will soon be offered by banks. 
It covers a range of issues pertaining to the single-use passwords, addressing clients concerns over the fact that the new measure may disrupt their card payment transactions. 
CBI says OTP is needed for transactions above 5 million rials ($33) and allows clients to use their current static passwords for transactions below that amount. 

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