The Entersekt Blog

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

Banks and the “transaction pipe” trap
15-11-2018|Entersekt Editor

Banks and the “transaction pipe” trap

In this interview, originally published on PYMNTS.com on 13 April 2018, Dewald Nolte, Entersekt’s chief commercial officer, discusses the problems and opportunities surrounding digital payments.
Next-generation banking’s mobile makeover
18-10-2018|Niel Bester

Next-generation banking’s mobile makeover

In this blog, originally published by IT Online on 20 June 2018, Niel Bester, Senior Vice President for Products at Entersekt discusses the challenge that banks face in strengthening their relationships with younger customers as they embrace new technology.
The win-win opportunity in banks’ digital transformation strategy
11-10-2018|Entersekt Editor

The win-win opportunity in banks’ digital transformation strategy

Digital transformation has become a strategic focus area for banks – one that many experts view as critical for future success. Digital banking can mean greater cost savings and more efficiency, but it can also be a way for banks to engage with customers. It’s no secret that engaged customers tend to buy more products, have higher account balances, and generate more profits.
What does the future hold for banks?
20-09-2018|Niel Bester

What does the future hold for banks?

Banks shouldn’t view the imminent battle for consumer data as a foregone defeat – in fact, helping consumers manage their data securely presents a significant opportunity for banks.
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.
Ringing the changes with 3-D Secure
14-08-2018|Lelanie de Roubaix

Ringing the changes with 3-D Secure

In many ways, the evolution of the card networks’ 3-D Secure protocol is a reflection of how the world of e-commerce has changed. As with any process of change, growing pains are inevitable; in the case of 3-D Secure, they’ve been there right from the start. The imminent introduction of 3-D Secure 2.0 invites us to reflect, not only on the improvements it promises but the challenges that the industry has faced along the way.
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.
Entersekt’s Connekt: the key to reducing cart abandonment
02-05-2018|Sherif Samy

Entersekt’s Connekt: the key to reducing cart abandonment

Cart abandonment is one of the biggest concerns for e-commerce merchants today. They are, after all, operating in a space where the customer holds the power to fill their shopping basket to the brim only to discard it at checkout if anything about the process doesn’t appeal them.
Mobile authentication: What happens when security and usability stop being mutually exclusive?
18-04-2018|Entersekt Editor

Mobile authentication: What happens when security and usability stop being mutually exclusive?

In digital banking, and more recently also in the mobile payments sphere, security and usability are commonly viewed as incompatible priorities. By implication, for security to be strong enough, it must also impose inconvenience on the user. At Entersekt, however, we prefer to ask: why do banks have to choose?

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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.