Trusted Transactions | Entersekt Blog

Trusted Transactions | Entersekt Blog

Are the payments networks stepping away from OTPs?

Posted by Jolette Roodt, Writer/Analyst, Entersekt

Jun 23, 2016 11:00:00 AM

The move towards two-factor authentication (2FA) is gaining momentum fast, with companies ranging from banks to social media platforms now offering the method as an extra security measure for protecting users’ personal information. The major payments networks are no exception. Even though specific authentication techniques can only be mandated by the card issuers themselves, MasterCard, Visa and American Express now all offer 2FA options, based on the 3-D Secure protocol, for identity verification in online credit and debit card transactions.

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Topics: Card-not-present authentication, 3-D Secure, One-time passwords, Entersekt customers

The state of online banking at Africa’s biggest banks

Posted by Jolette Roodt, Writer/Analyst, Entersekt

Apr 28, 2016 1:30:00 PM

Many African countries are undergoing what is called “financial deepening” – a process of increasing the banked population, improving market infrastructure, widening funding access, and diversifying investment options. According to Bernhard Kotanko and Jason Ekberg of the Nikkei Asian Review, efficient and deep financial markets are a prerequisite for macroeconomic growth and prosperity. Moody’s also predicts that the fast growth of mobile banking across Africa, and the accompanying increase in access to financial services, will boost economic growth and create opportunities for banks to expand across the continent.

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Topics: User experience, Entersekt customers

Entersekt’s journey with Investec

Posted by Gerhard Oosthuizen, Chief Information Officer, Entersekt

Dec 15, 2015 10:00:00 AM

At Entersekt, we get to know our customers pretty well, as you’ll imagine. Some take our product and integrate it within two months, then leave it unchanged. No mess, no fuss. My favorite customers, however, are those that continue to extract value from what we’ve provided them. They understand the power of our product and build innovative solutions around it. They’re constantly expanding their offerings as new features become available, working with us in a truly creative partnership.
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Topics: Entersekt customers

How should a bank select a security partner?

Posted by Schalk Nolte, Chief Executive Officer, Entersekt

Nov 19, 2015 12:00:00 AM

Like Entersekt, banks are purveyors of trust. A lack of trust is a serious opportunity cost that can threaten an institution’s future by, among other things, retarding innovation in online and mobile banking functionality and usability. How does a bank protect and nurture the trust relationship? How can it remain competitive in a crowded field by launching exciting, convenient new services while keeping its clients’ money safe? It all comes down to who you choose as your technology partners.

A recent interview I conducted on entrepreneurship got me thinking about this. Below, I list a few key points about how a financial services company should approach the search for a digital security provider.

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Topics: Entersekt customers

“Simply safe” at Swisscard

Posted by Altus van Tonder, VP sales support Europe, Entersekt

Aug 25, 2014 5:00:00 PM

Altus_van_Tonder

For those who don’t know the company, allow me to introduce Swisscard AECS, a fantastic group of people that my team has worked with closely over the last year. Based in Horgen, just outside Zurich, Swisscard is the only company in Switzerland to offer American Express, MasterCard, and Visa credit cards from a single source, doing so on behalf of Credit Suisse AG.

Earlier this month, with Entersekt systems architect Dan Wells on hand, Swisscard launched a new card-not-present authentication system, powered by Entersekt’s mobile application, Transakt. Now, instead of entering a static password, cardholders have the option of authorizing their 3-D Secure–protected purchases using their mobile phones. 

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Topics: Card-not-present authentication, Entersekt customers

Celebrating Capitec Bank’s mobile banking

Posted by Mark van Dalsen, marketing communications manager, Entersekt

Aug 21, 2014 3:30:00 PM

In June, news sites in South Africa heralded the release of Capitec Bank’s all-new remote banking app. The app is built on Entersekt’s Transakt SDK, and our staff needed no further reason to celebrate the launch with balloons and some of South Africa’s best sparkling wine. 

Capitec Bank is a listed South African retail bank with over R46 billion (US$4.3 billion) in assets. It serves in advance of 5.4 million clients from more than 630 branches and through its online and mobile banking channels. The bank strives to design banking products that meet four goals: simplicity, affordability, accessibility and personal service. To do so, its strategy is to invest in state of the art technology that maximizes ease of use while keeping costs down. 

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Topics: Mobile banking authentication, Entersekt customers

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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