Snippet: For those who don’t know the company, allow me to introduce Swisscard AECS, a fantastic group of people that my team has worked with closely over the last year. Based in Horgen, just outside Zurich, Swisscard is the only company in Switzerland to offer American Express, MasterCard, and Visa credit cards from a single source, doing so on behalf of Credit Suisse AG.

For those who don’t know the company, allow me to introduce Swisscard AECS, a fantastic group of people that my team has worked with closely over the last year. Based in Horgen, just outside Zurich, Swisscard is the only company in Switzerland to offer American Express, MasterCard, and Visa credit cards from a single source, doing so on behalf of Credit Suisse AG.

Earlier this month, with Entersekt systems architect Dan Wells on hand, Swisscard launched a new card-not-present authentication system, powered by Entersekt’s mobile application, Transakt. Now, instead of entering a static password, cardholders have the option of authorizing their 3-D Secure–protected purchases using their mobile phones. 

The Entersekt solution is accredited by Visa, Mastercard, and American Express, and we are convinced Swisscard’s customers will find it an exciting reinvention of the often unpopular 3-D Secure process. It’s a lot more user-friendly than implementations requiring the input of static passwords or one-time passwords (OTPs), and it matches convenience with banking grade security every step of the way.

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Financial institutions around the world continue to work on improving the reliability of online user identification in order to address rising rates of account takeover fraud. Many have focused on introducing two-factor authentication, which is, of course, a sound approach, broadly speaking. It’s what exactly you use as the second factor that can make or break the case.

Too many banks have implemented OTP-based two-factor authentication systems. Some did so early in the war against cybercrime, back when these alphanumeric codes – supplied on paper or through a text message or hand-held token – really did help curb online fraud. That was a long time ago. Countless breaches over the past decade testify to fraudsters’ ingenuity in getting their hands on OTPs. Early adopters in Europe, Australia, and South Africa are moving on, but OTPs remain worryingly popular, and even appear to be catching on in the USA.

For a more on this topic, download our white paper, OTPs: Security Past its Expiration Date. Also read Entersekt’s take on Operation Emmental, which successfully targeted OTP-protected accounts at 34 banks in Switzerland, Sweden, Austria and Japan.

I must applaud Swisscard for stepping away from what has not worked well in favor of a fresh new approach. It is so encouraging to see an enterprise with a number of firsts in its history maintaining that momentum with its commitment to innovation.

With Entersekt’s Transakt mobile app, Swisscard’s customers can approve online transactions with one touch, simply by selecting “Accept” or “Reject” after receiving an automatic pop-up message on the mobile phone. There’s no need to remember complex passwords or retype OTPs, and the process is completely out of band. Transakt comes packed with cutting-edge cryptography and other advanced mobile security, ensuring that all communications between users and Swisscard’s backend servers are encrypted end-to-end. The app has already authenticated tens of thousands of transactions for Swisscard since launch.

It’s a bold new approach that promises to improve things markedly for online shoppers: there’s less hassle when shopping online, less worry about falling prey to fraud, and much more peace of mind. 


Being one of the first to have our solution accredited by all the major payment networks, Entersekt has a deep understanding of the 3-D Secure protocol and its evolution. The migration from 3-D Secure 1 to EMV 3-D Secure will be a complex one, but one that can be managed with the right partner.

If you have any questions about EMV 3-D Secure or our unified solution to manage the transition, you can visit our solution page or get in touch with us to request more information.

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Altus van Tonder

Co-founder & former VP sales support Europe

An Entersekt co-founder, Altus was instrumental in our early successes in Europe. Although he now works at Backbase, he visits the Entersekt HQ whenever he’s in Stellenbosch, his home town.

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Entersekt is an innovator of customer-centric fintech solutions. Financial services providers and other enterprises rely on our patented mobile identity system to provide both security and the best in convenient new digital experiences to their customers, irrespective of the service channel. With us, they can concentrate on their innovation roadmap, while delivering intuitive, low-friction digital experiences to their customers.