The Entersekt Blog

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

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”.
It’s like your credit card, only better
07-03-2019|Gerhard Oosthuizen

It’s like your credit card, only better

In the “old days” – the days of magnetic stripe cards – we proved that we were the owners of our cards with a handwritten signature at the point of sale (POS). Then came the chip cards, for which we switched to using a PIN number in card-present situations to authenticate ourselves as the card owner.
The state of mobile banking: insights from industry research
28-02-2019|Lelanie de Roubaix

The state of mobile banking: insights from industry research

Digital banking industry research published in 2018 by a number of leading research and advisory firms highlights a trend that has led the industry to reflect on a core aspect of current priorities as well as future strategy: the customer.
Letting you know what you need to know when you need to know it
21-02-2019|Tom de Waal

Letting you know what you need to know when you need to know it

I have, over the years, opened accounts at a number of banks in order to meet different needs: savings, payments, a mortgage, and so on. My family also have bank accounts, some of which we share. You probably have a similar spread of accounts.
A new lease of life for QR codes: Payments and beyond
14-02-2019|Clara Chennells

A new lease of life for QR codes: Payments and beyond

If you thought that QR codes were only used for payments, take out your phone and scan again.
SS7 attack gives pause for thought
07-02-2019|Stephen Drake

SS7 attack gives pause for thought

In July of 2017, we wrote this blog post about why continuing to have mobile carriers in the digital security chain means that the attack that left several customers of O2-Telefonica in Germany with empty bank accounts is likely to occur elsewhere. We are re-posting it because unfortunately, it seems that we were right, with Metro Bank recently being the target of an SS7 attack. Experts believe that this isn’t an isolated case, so we may be hearing much more about these attacks soon.
PSD2 hastens the demise of SMS OTP
31-01-2019|Lelanie de Roubaix

PSD2 hastens the demise of SMS OTP

A month into 2019, the financial services and payments industries are buzzing as the deadline for complying with Europe’s revised payments services directive (PSD2) approaches. A particular cause of concern is the implementation of the regulatory technical standard for strong customer authentication (SCA), which has been a hot topic in boardrooms and at industry events for what seems like years now.
Crime-busting superheroes: tokenization and encryption
24-01-2019|Alpa Somaiya

Crime-busting superheroes: tokenization and encryption

There’s no denying that the evolution of computing power and technology, and the increasing digitization of almost everything, have made our lives much easier. On the flip side, however, these advances have increased the risk of private data interception and fraud.
Blockchain big bang or API ascension: What will 2019 bring?
17-01-2019|Gerhard Oosthuizen

Blockchain big bang or API ascension: What will 2019 bring?

Gerhard Oosthuizen, Entersekt’s CTO, uses his crystal ball, together with years of industry knowledge, to bring you a glimpse into the future of banking and payments.

At the beginning of a new year, alive with possibilities, we want to be ahead of the game. Some of us prefer a bit more certainty with our possibilities and look to industry experts and thought leaders to give us a preview into the year ahead. But we soon realize that there are countless banking industry initiatives poised to come to fruition in 2019, to the extent that it’s difficult to know which questions we will see answered as the year unfolds.
The future of payments: A pool pump with a credit card?
10-01-2019|Alpa Somaiya

The future of payments: A pool pump with a credit card?

Press a button and your laundry detergent is ordered, delivered, and paid for. Your car knows when it needs repairs, books itself in, drives itself to the garage, and then pays for the service. Your fridge keeps track of what needs replacing, orders and pays for the goods. This sounded like a science fiction movie a decade ago, but thanks to the Internet of Things (IoT), it is all possible.

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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.