What is OTP in credit card transactions?

Odd Transaction Password

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Owner's Transaction Password

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One Time Password

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One Time Pincode

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Solution

The correct option is B One Time Password
A one time password ( OTP ) is an automatically generated numeric or alphanumeric string of characters that authenticates a user for single transaction or session. OTP is necessary in credit card transactions so that it cannot be used by any unauthorised person.

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