Trusted Transactions | Entersekt Blog

Trusted Transactions | Entersekt Blog

Niel Bester on Entersekt's product vision

Posted by Entersekt

Jul 17, 2017 3:34:13 PM

In our latest video, Entersekt’s SVP Products, Niel Bester, explains why innovation at your financial institution need not be limited by the fear of fraud.

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Topics: Mobile banking authentication, Biometrics

Five reasons to take a second look at digital authentication

Posted by Claudius van der Meulen, VP business development / director Europe, Entersekt

Jun 22, 2017 9:00:00 AM

Change is difficult. Why change the status quo if it works and everyone seems comfortable with it? This applies to all aspects of life, and banking security is no exception. However, change is healthy and arguably necessary as the digital world evolves around us. Here are five reasons why you should consider taking a fresh look at your organization’s authentication processes.

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Topics: Mobile banking authentication, Regulatory guidance, User experience

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

Let’s talk mobile payments at Kartenkongress 2016

Posted by Claudius van der Meulen, VP business development / director Europe, Entersekt

Apr 21, 2016 11:00:00 AM

At next week’s EHI Kartenkongress (26–27 April in Bonn, Germany), a popular subject will be the maturing market in mobile payments. It’s a topic as relevant to European banks and card issuers as it has ever been, and it raises many interesting questions on how best to deliver convenient, secure mobile-based transacting.

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Topics: Card-not-present authentication, Mobile banking authentication, 3-D Secure, Events

Mobile payments in Europe: balancing trust and ease of use

Posted by Claudius van der Meulen, VP business development / director Europe, Entersekt

Jan 28, 2016 11:23:00 AM

At the start of a new year, many of us take the opportunity to reflect on the past 12 months and to look forward to the year that lies ahead.

Entersekt certainly had an exciting 2015 in Europe. During our conversations with banks, card issuers, and system integration partners, we had very fruitful discussions on how to prevent fraud affecting digital banking and shopping. With most, we are in different stages of implementing Transakt and protecting online transactions with our authentication solutions.

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Topics: Mobile banking authentication

Mobile Africa – now’s the time to refocus on security

Posted by Pieter de Wet, VP Key accounts Africa

Oct 8, 2015 3:43:00 PM

In its Global Innovation Index 2015 report, INSEAD makes the point that, “While gaps remain in overall innovation performance between rich and poor countries, the technology gap is narrowing. This is due to the fact that recent new technologies are globalised from the start, such as 3D printing, cloud computing, and big data analytics.” I’d place mobile technology in that same category.

Africa
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Topics: Mobile banking authentication, Mobile app vulnerabilities, User experience

Solving mobile banking security and user experience issues

Posted by Entersekt

Feb 19, 2015 9:30:00 AM

MobileHere’s a problem. Surveys repeatedly indicate that a sizeable percentage of consumers doubt the security of mobile banking and payments, mindful of the wealth of personal information stored on their phones and suspicious of assurances that their data and money are adequately protected from mobile attack. 

The Federal Reserve Board’s Consumers and Mobile Financial Services 2014 report says that of U.S. consumers who do not use mobile banking – a cohort still comfortably in the majority – 69 percent cited security as the primary reason for not doing so. Of those who do not make payments using their phones, 63 percent gave “fears over the safety of the channel” as the reason. Even early adopters of mobile banking often limit their activities to checking their account balances or recent transactions, shying away from money transfers or payments.

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Topics: Mobile banking authentication

Six threats to mobile banking

Posted by Entersekt

Jan 8, 2015 9:30:00 AM

The world has enthusiastically embraced mobile technology. Within a few short years, mobile applications have become a staple of daily life, serving as sources of information, productivity tools or entertaining ways to pass the time. It did not take long for the financial services industry to spot mobile’s potential. They moved quickly to roll out mobile banking apps, and retail banking customers were quick to take advantage of the time-saving convenience and accessibility the apps offered.

Doubts over mobile security have, however, kept a sizeable percentage of consumers from adopting mobile banking. Security concerns have also caused banks themselves to hesitate offering a full range of financial services through the mobile channel. But what are the particular vulnerabilities affecting this channel and how serious are they?

Here are six significant threats facing the mobile banking channel today.

1. Poor app design and configuration

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Topics: Mobile banking authentication

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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