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The Entersekt blog.

Industry news, security threats, and technology advances in consumer authentication
Brazil’s Pix payments: Vulnerabilities and how to mitigate them

Brazil’s Pix payments: Vulnerabilities and how to mitigate them


Entersekt asked Americas Market Intelligence to explain to readers of our blog how Brazil’s incoming instant payment system works. As a global specialist in user authentication, strong device ID, and secure QR payments, we support the Brazilian Central Bank’s vision of a nation-wide digital payments system, free to all and as accessible to the unbanked as it is to cardholders.

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Snippet: In an attempt to reduce the ever-increasing burden on their compliance teams, financial service organizations are starting to turn to new technology solutions like machine learning and cloud computing.

In an attempt to reduce the ever-increasing burden on their compliance teams, financial service organizations are starting to turn to new technology solutions like machine learning and cloud computing.

Snippet: We are all familiar with the sound of our mobile devices pinging or vibrating to let us know that something has arrived that we might be interested in. There are now numerous methods employed by mobile operating system vendors and app developers to draw our attention to the fact that new content is available: everything from badges to banners, alerts and various other types of messages.

We are all familiar with the sound of our mobile devices pinging or vibrating to let us know that something has arrived that we might be interested in. There are now numerous methods employed by mobile operating system vendors and app developers to draw our attention to the fact that new content is available: everything from badges to banners, alerts and various other types of messages.

Snippet: With the Competition and Markets Authority (CMA) mandating UK retail banks to ‘open up’ and adopt the new principles of open banking, not to mention the impending introduction of the Payments Services Directive (PSD2) in January 2018, banks will soon be operating in a much more competitive environment than before.

With the Competition and Markets Authority (CMA) mandating UK retail banks to ‘open up’ and adopt the new principles of open banking, not to mention the impending introduction of the Payments Services Directive (PSD2) in January 2018, banks will soon be operating in a much more competitive environment than before.

Snippet: Losses from card fraud approached $23 billion worldwide in 2016, according to the 2017 Nilson Report, and with the rising tide of data breaches and other cyberattacks, that sum is projected to reach $33 billion by 2021.

Losses from card fraud approached $23 billion worldwide in 2016, according to the 2017 Nilson Report, and with the rising tide of data breaches and other cyberattacks, that sum is projected to reach $33 billion by 2021.

Snippet: PSD2 introduces an entirely new market dynamic. While it will bring banks a new burden of compliance and open them up to increased liability, this regulatory framework also comes with exciting new opportunities for revenue.

PSD2 introduces an entirely new market dynamic. While it will bring banks a new burden of compliance and open them up to increased liability, this regulatory framework also comes with exciting new opportunities for revenue.

Snippet: Consent is a core part of data protection legislation. The European Union’s General Data Protection Regulation (GDPR) comes into effect from 25 May 2018 and aims to provide clarity on the previously contentious issue of obtaining an individual’s consent in order to process their personal information.

Consent is a core part of data protection legislation. The European Union’s General Data Protection Regulation (GDPR) comes into effect from 25 May 2018 and aims to provide clarity on the previously contentious issue of obtaining an individual’s consent in order to process their personal information.

Snippet: When we at Entersekt tell people that our solution uses X.509 certificates on a mobile phone, they often reply cynically, “But PKI doesn’t scale!?” How, then, are we able to make that claim?

When we at Entersekt tell people that our solution uses X.509 certificates on a mobile phone, they often reply cynically, “But PKI doesn’t scale!?” How, then, are we able to make that claim?

Snippet: The cybersecurity market is alive, and kicking ferociously. There are hundreds of security providers out there, all clamoring for your business and all claiming to be the best.

The cybersecurity market is alive, and kicking ferociously. There are hundreds of security providers out there, all clamoring for your business and all claiming to be the best.

Snippet: There have been at least three occasions in the last couple of years when I have been anxiously trying to connect through to a bank’s fraud team contact center after having a payment declined.

There have been at least three occasions in the last couple of years when I have been anxiously trying to connect through to a bank’s fraud team contact center after having a payment declined.

Snippet: According to behavioral marketing agency SaleCycle, almost 75% of all online shopping carts are abandoned globally. With 70.9% and 74% respectively, Europe and the US actually rank the lowest.

According to behavioral marketing agency SaleCycle, almost 75% of all online shopping carts are abandoned globally. With 70.9% and 74% respectively, Europe and the US actually rank the lowest.

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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.