Online banking security
The Entersekt online banking solution employs industry-standard certificates to create a secure communication channel with mutual authentication between the Transakt mobile application and the bank. The result is true out-of-band two-factor authentication that effectively counters phishing and man-in-the-middle attacks.
Features and benefits
- True out-of-band two factor authentication for login and sensitive transactions
- Eliminates phishing, man-in-the-middle and other fraud attacks
- Secure communication with mutual authentication between the end user and the bank
- Supports nonrepudiation
- Supports all mobile platforms and most smartphones and feature phones
- Fall-back solutions — SMS OTP, OTP generated on phone, USSD authorization
- Simplifies the end-user experience
- Launches the application with no action required by user
- Industry-standard X.509 certificates
- Integrates into existing solutions (SOAP, RADIUS, ISO 8583, and LDAP)
- Cost-effective — maximises ROI
