The OTP c500 is a compact, completely standalone, low-cost smart card reader that contains a numeric keypad and a large LCD display. It provides not only One-Time password functionality but also challenge-response authentication and transaction data signing. Certified with the widespread international standards as MasterCard Card Authentication Program (CAP) and Europay Mastercard Visa (EMV), OTP c500 can be used in various payment and bank applications with secure assurance.
The OTP c500 Smartcard Reader provides enhanced security, which is used in both online and offline mode, taking full advantage of EMV-CAP validation and Challenge-Response process.
By leveraging Two-factor authentication, the cardholder inserts the EMV payment card into the OTP c500 and enters the Personal Identification Number (PIN) via the keyboard. After that, a dynamic One-Time password is generated and shown on the LCD screen. The cardholder can then use this password as the secure identifier to sign online transactions with the EMV-compliant certification, thus guaranting the most secure identification and integrity of the transaction data.
