The Entersekt Blog

Industry news, security threats, and technology advances in consumer authentication.

The tightrope the EBA is walking
25-07-2019|Simon Rodway

The tightrope the EBA is walking

The European Banking Authority (EBA) plays an extraordinarily complex role. Having to manage and regulate the financial industry means walking a tightrope between directional regulation and restrictive controls.
Running late for your date with PSD2? We’ve got an app for that
18-07-2019|Cara Visser

Running late for your date with PSD2? We’ve got an app for that

Tick tock, tick tock. September 14 is the go-live date for the revised Payment Services Directive (PSD2) requirement for strong customer authentication (SCA). With Entersekt’s help, you can still meet the deadline – but hurry, because it’s going to be tight.
Just in time: PSD2 SCA implementation
14-03-2019|Sander Voorwinden

Just in time: PSD2 SCA implementation

The go-live date for the revised Payment Services Directive (PSD2) strong customer authentication (SCA) requirement is 14 September. Put another way, we’re at five minutes to the stroke of midnight for SCA implementation. It’s not too late, though, which is why I titled this blog post “Just in time”.
The new technology partnership: Welcome to regtech
08-11-2018|Entersekt Editor

The new technology partnership: Welcome to regtech

After the 2008 financial crisis, banks were suddenly faced with a significant increase in regulations. This meant a hefty rise in expenditure and use of resources, and yet many businesses still fell short of expectations. The process needed access to more meaningful data and digitization
Social media payments: Threat or opportunity for banks?
12-09-2018|Entersekt Editor

Social media payments: Threat or opportunity for banks?

Remember the early days of Facebook? Were you an early adopter or more cautious, joining only after everyone and their cat had a profile? Those of us in the latter group eventually signed up because many of our friends reported being avid users and trusted the service.
US companies should not ignore the EU’s GDPR
29-08-2018|George Miller

US companies should not ignore the EU’s GDPR

Following a seemingly endless barrage of marketing emails asking consumers to opt-in to keep receiving communications, the European Union’s General Data Protection Regulation (GDPR) came into effect on 25 May, marking the enactment of a sweeping data protection law that governs how data is collected and used in the EU’s 28 countries
Life after SMS OTP: what will be the next big thing in transaction security?
30-05-2018|Clara Chennells

Life after SMS OTP: what will be the next big thing in transaction security?

Remember VHS? The Sony Walkman? What about the dot matrix printer? These are things that were considered state-of-the-art in the 1980s – but are now only a fond memory. No-one in their right mind would, for example, release a new film only on VHS today. And yet incredibly, the SMS OTP, first conceived in the early 1980s, is still what secures online banking channels at most of the world’s financial institutions today.
Entersekt’s Transakt solves more for banks than just PSD2 problems
17-05-2018|Jonathan Knoll

Entersekt’s Transakt solves more for banks than just PSD2 problems

As any and every bank and organization that deals with payments knows by now, the European Banking Authority’s regulatory technical standards (RTS) on strong customer authentication take effect in September 2019. However, given the requirement to have the relevant APIs, documentation, and testing done a full six months before that date, the actual deadline is March 2019. With less than a year to go, the implementation clock is ticking loudly.
PSD2: Compliance-Auflagen in Wettbewerbsvorteile verwandeln mit Entersekt
10-04-2018|Jonathan Knoll

PSD2: Compliance-Auflagen in Wettbewerbsvorteile verwandeln mit Entersekt

Durch PSD2 wird es zu einer ganz neuen Marktdynamik kommen. Einerseits müssen sich Banken auf Belastungen durch neue Compliance-Anforderungen und erweiterte Haftungsrisiken einstellen, andererseits entstehen durch das regulatorische Rahmenwerk auch neue Umsatzchancen.
Dos and don’ts for a successful PSD2 SCA implementation
22-03-2018|Sander Voorwinden

Dos and don’ts for a successful PSD2 SCA implementation

Although the European Banking Authority’s Revised Payment Services Directive (PSD2) already applies as of 13 January 2018. It’s not too late to make the most of the opportunity that PSD2 offers, especially if you start planning immediately.

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Entersekt is an international software development company based just outside of Cape Town, South Africa.

We are leaders in authentication, app security, and payments enablement technology, offering a highly scalable solution set with a track record of success across multiple continents.