Trusted Transactions | Entersekt Blog

Trusted Transactions | Entersekt Blog

Looking ahead to authenticated collections

Posted by Schalk Nolte, Chief Executive Officer, Entersekt

May 19, 2016 11:00:00 AM

Direct debits are both an efficient and potentially frustrating means of payment for consumers, with high rates of abuse in many parts of the world. In South Africa, where this kind of payment is called a “debit order”, almost a million disputes are lodged every month. In a world-first, the South African Reserve Bank is introducing authenticated collections, a system that will disallow many direct debits that have not been electronically authenticated by consumers.

 

 

 

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Topics: 3-D Secure, Regulatory guidance, Authenticated Collections

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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