One-time passcode

1. An electronic computing device comprising:

a processing unit; and

system memory, the system memory including instructions that, when executed by the processing unit, cause the electronic computing device to:

from a consumer, receive a request for a transaction;

transmit a one-time passcode to a device associated with the consumer via a first channel, wherein the first channel includes short message service (SMS);

receive notification regarding transmitting the one-time passcode, including a delivery state of the one-time passcode; and

when the delivery state indicates that the one-time passcode was not delivered, transmit the one-time passcode via a second channel, wherein the second channel includes a third party associated with the consumer or the transaction.

2. The electronic computing device according to claim 1 , wherein the system memory further includes instructions that, when executed by the processing unit, cause the electronic computing device to:

generate the one-time passcode.

3. The electronic computing device according to claim 1 , wherein the system memory further includes instructions that, when executed by the processing unit, cause the electronic computing device to:

validate credentials of the consumer.

4. The electronic computing device according to claim 3 , wherein the system memory further includes instructions that, when executed by the processing unit, cause the electronic computing device to:

upon validating credentials of the consumer, prompt the consumer for a user-selected one-time passcode.

5. The electronic computing device according to claim 1 , wherein the second channel includes interactive voice response.

6. The electronic computing device according to claim 1 , wherein the second channel includes point-of-sale.

7. The electronic computing device according to claim 1 , wherein the second channel includes push notification.

8. The electronic computing device according to claim 1 , wherein the second another channel includes interactive voice response, and

wherein the system memory further includes instructions that, when executed by the processing unit, cause the electronic computing device to:

when the one-time passcode is undeliverable via interactive voice response, receive authentication data from a point of sale device and transmit the one-time passcode to the point of sale device.

9. The electronic computing device according to claim 8 , wherein the system memory further includes instructions that, when executed by the processing unit, cause the electronic computing device to:

when the one-time passcode is not received from the point of sale device, transmit the one-time passcode via push notification;

when the push notification is unsuccessful, determine whether a user associated with the account has a mobile device near a location of the consumer; and

if the user associated with the account is near the location of the consumer, transmit the one-time passcode to the mobile device of the user associated with the account.

10. A transaction system, comprising:

a computing device including:

a processing unit; and

computer readable medium encoding instructions that, when executed by the processing unit, cause the processing unit:

receive a request for a transaction;

generate a one-time passcode for the transaction;

transmit the one-time passcode to a first device via a first channel;

receive notification regarding transmitting the one-time passcode, including a delivery state of the one-time passcode; and

when the delivery state indicates that the one-time passcode was not delivered, transmit the one-time passcode via a second channel, including:

when the one-time passcode is undeliverable via interactive voice response, receive authentication data from a point of sale device;

upon validating the authentication data, transmit the one-time passcode to the point of sale device;

when the one-time passcode is not received from the point of sale device, transmit the one-time passcode via push notification; and

when the push notification is unsuccessful, transmit the one-time passcode to a third party associated with a consumer, the third party being near a location of the consumer.

11. The transaction system according to claim 10 ,

wherein the computer readable medium further includes instructions that, when executed by the processing unit, cause the computing device to:

validate credentials of a consumer; and

upon validating credentials of the consumer, prompt the consumer for a user-selected one-time passcode.

12. The transaction system according to claim 11 , wherein the first channel includes short message service (SMS).

13. A computer-implemented method for conducting a transaction, the method comprising:

receiving a request for the transaction;

generating a one-time passcode for the transaction;

transmitting the one-time passcode to a first device via a first channel, the first channel including short message service (SMS);

receiving notification regarding transmitting the one-time passcode, including a delivery state of the one-time passcode;

when delivery state indicates that the one-time passcode was not delivered, transmitting the one-time passcode via a second channel including interactive voice response;

when interactive voice response fails, receiving authentication data from a point of sale device, the authentication data including biometric data;

upon validating the authentication data, transmitting the one-time passcode to the point of sale device;

if the one-time passcode is not received from the point of sale device, transmitting the one-time passcode via push notification;

if the push notification is unsuccessful, transmitting the one-time passcode to a third party associated with a consumer; and

transmitting a second one-time passcode to a device registered to a user associated with an account being used for the transaction, the device being near a location of the request for the transaction.