Trusted Transactions | Entersekt Blog

Trusted Transactions | Entersekt Blog

Don’t confuse biometrics with strong authentication

Posted by Frans Labuschagne, Country Manager UK & Ireland

May 23, 2017 10:00:00 AM

As our world becomes more digitalized, the information we want to keep private is increasingly at risk – and yet no-one wants that information protected by cumbersome security measures which do not fit in with our pace of living. As such, the stage seems to be set for the large-scale adoption of super-convenient biometric technology, especially on the mobile. Different forms of biometric security have already begun working their way into the banking and payments industries; among these are face, fingerprint, iris, palm, vein and voice.

 

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Topics: Mobile banking authentication, Biometrics, User experience

Schalk Nolte on the power of mobile

Posted by Entersekt

May 17, 2017 12:28:29 PM

Watch our new video to see Schalk Nolte, Entersekt’s CEO, share his take on the power of mobile not only in security, but also in enabling digital services.

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Topics: Mobile banking authentication, Biometrics

How are Europe’s PSD2 plans going?

Posted by Jolette Roodt, Writer/Analyst, Entersekt

May 9, 2017 9:33:00 AM

The clock is ticking for European Union member states to implement the European Banking Association’s Revised Payment Services Directive (PSD2) into their national laws, with the cut-off date of 13 January 2018 only nine months away. As we wrote here, these regulatory standards will give third-party providers (such as retailers and fintechs) access to the account information of banks’ customers, providing that these customers give their consent. The standards also dictate that two-factor authentication (2FA) must be in place when users access their accounts or make payments.

 

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Topics: Regulatory guidance

What’s behind the brisk growth of risk-based authentication?

Posted by Jolette Roodt, Writer/Analyst, Entersekt

Apr 25, 2017 10:00:00 AM

The move to chip cards in the United States has been touted as the trigger for the movement of fraud from card-present to card-not-present channels. The country’s dominant approach to combating this type of fraud is risk-based authentication. Is this because it has proven to be successful in preventing fraud, or is risk-based authentication’s attractiveness based on other considerations?

 

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Topics: Card-not-present authentication, User experience, Card-not-present fraud, 3D Secure

Trend alert: authentication acquisitions

Posted by Jolette Roodt, Writer/Analyst, Entersekt

Apr 11, 2017 9:00:00 AM

Digital security is becoming a part of everyday life and is no longer something only banks need to care about. As such, smaller-fry authentication companies are being picked up by big service-provider fish at a rate worth mentioning – and not for a song, either, as recent figures show. Why is this happening, and what does it spell for the future?

 

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Topics: Knowledge based authentication, Identity enablement

P2P payment apps are taking over the world

Posted by Clara Chennells, Copywriter

Mar 28, 2017 8:00:00 AM

In the last few years, uptake of personal payment applications has been shaking up the world of fintech. US-based digital wallet Venmo, one of the fastest-growing apps in this realm, is changing the way we think about person-to-person (P2P) payments. Venmo is used mainly to make small payments between people who know each other, and it appears to be highly effective in eliminating small – albeit pesky – lingering debt between friends, family members and others who struggle to follow through on IOUs. On the face of it, Venmo seems like nothing more than a variation of PayPal (which, incidentally, owns Venmo). So what sets Venmo apart, and why are millennials flocking to it with such enthusiasm?

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Topics: Card-not-present authentication, User experience

Move along, millennials: Gen Z is coming

Posted by Bronwyn Kausch,Writer

Mar 14, 2017 10:00:00 AM

Just as we thought we may have reached an understanding of millennials, the focus has shifted to Generation Z.

This post-millennial generation, also referred to as the iGeneration and NetGen, are largely the children of Generation X, although some may be the early offspring of millennials. Whatever their name, the group born after 1995 not only contribute around $44 billion to the US economy annually, but will also make up a full third of the country’s population in just three years’ time.

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Topics: User experience

Why would you need MFA for healthcare?

Posted by Jolette Roodt, Writer/Analyst, Entersekt

Feb 21, 2017 10:00:00 AM

Are reports of breaches at health providers sending your blood pressure skyward? Straightforward, effective authentication is just what the doctor ordered!

We tend to associate authentication with the obvious things we want to protect, like the money in our bank accounts. Increasingly, consumers are also becoming aware of the inherent value of their personal email, social media interactions, and other account information – monetized as it now is on the black market. Few of them are yet aware of why the healthcare industry needs multi-factor authentication too. Where would you use it, and how would it work?

 

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Topics: Data breaches, Privacy, Insurance, Healthcare

GDPR? PSD2? Four-letter headaches in need of specialist attention

Posted by Niel Bester, SVP Products, Entersekt

Feb 9, 2017 10:00:00 AM

Time is running out for companies to comply with the European Union’s Revised Payment Services Directive (PSD2), which takes effect in January 2018, and General Data Protection Regulations (GDPR), which kick in in May 2018. The trouble is that these two sets of guidelines are not only strict on their own, but in some respects even seem to work against each other. How are financial institutions to approach this conundrum?

 

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Topics: Regulatory guidance, Privacy

Home-turf victories for Entersekt

Posted by Jolette Roodt, Writer/Analyst, Entersekt

Jan 26, 2017 10:00:00 AM

During 2016, many of Entersekt’s social media posts focused on our current global expansion, particularly into Europe and the United States. Among these exciting developments was FirstBank’s choice of our Transakt product to secure their mobile app and enable Touch ID authentication. We were also proud to announce our partnerships with CREALOGIX, Netcetera, Blue Bay, Backbase and IST Networks. Meanwhile, we have also been doing well on the home front.

 

  

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Topics: Entersekt news

About Trusted Transactions

Trusted Transactions is Entersekt's blog devoted to keeping our customers, prospects and friends updated with industry news, security threats and technology advances in consumer authentication. We can protect against online banking fraud and account takeovers. Trusted Transactions brings you industry data and insights to help safeguard your online and mobile banking and payments transactions. 

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