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Transform a set of mandatory security standards into a competitive advantage

Become
PSD2 compliant.

Meet the requirements for strong customer authentication

The Revised Directive on Payment Services (PSD2) is more than a complex compliance project; it portends years of dynamic, highly disruptive market change. 

Entersekt’s patented security product, Transakt, provides multi-factor, out-of-band authentication engineered specifically for the heavily regulated financial sector. It delivers a lot else too. Our approach to future-proof compliance can help you achieve business success under PSD2.

Submit the form to download our white paper: Turning a compliance challenge into a business success >> 

Three steps for the path to success under PSD2

STEP 1: Meet your immediate PSD2 compliance obligations

Invest in a proven, scalable, interoperable, and well-documented strong customer authentication solution that eases auditing and reporting to regulatory authorities.

  • Use push-based, phone-as-a-token multi-factor authentication to secure access to payment accounts, transactions, or exchange of any other sensitive data
  • Register your customer’s mobile devices only afterpseudonymous digital certificates have been deployed to their mobile devices, so that only your organization is party to their identity
  • Protect the confidentiality and integrity of user’s personal security credentials and ensure that only you and your customer know the details of the authentication request
  • Digitally sign every authentication request and response for nonrepudiation and generate audit trails to help settle multi-stakeholder disputes
  • Prove compliance quickly and decisively with technology that not only conforms to all major digital security regimes but is already used widely by banks and payment providers across Europe
  PSD2 strong authentication checklist 
 
STEP 2: Provide a winning user experience

A truly customer-centric authentication solution to PSD2 empowers your customers to transact anywhere, anytime, enhancing your trust relationship with each new interaction.

  • Aim for a converged authentication solution spanning multiple use cases and providing a consistent experience across all channels, while saving on operational costs
  • Push authentication requests to your customers’ mobile devices automatically and allow them to respond by simply tapping Accept or Reject
  • Boost customer confidence and adoption with a low-friction, predictable means of approving payments and third-party access to accounts in real time
  • Meet your consumer demand for on-the-go convenience using a solution built with mobile enablement top of mind
STEP 3: Capitalize on the opportunity

Act now to become the trusted keeper of consumers’ digital assets and change your strategic position relative to third-party payment service providers.

  • Prioritize flexibility with a platform that covers the full authentication life cycle (roll-out, maintenance, recovery, off-boarding, and more)
  • Avoid stopgap solutions at odds with international trends, out of step with adjacent regulatory frameworks like GDPR, or likely to fall foul of PSD3 in just a few years’ time
  • Steer clear of one-time passwords, which are technically obsolete and deprecated by regulators in a fast-growing list of cases
  • Establish a secure channel to the customer, so you can add innovative new digital services and retain existing customers and attract new ones
  • Position yourself as the trusted keeper of your customers’ digital assets and change your strategic position relative to third-party payment service providers

PSD2 is no bolt from the blue. It’s simply another step in the escalating evolution of payments – and not the last one you’ll experience either.

 

Entersekt understands how to navigate this changing landscape. Pioneers in user-friendly phone-as-a-token authentication, our products are mature and widely deployed. Contact us today to see how we can help you be more compliant.

Be PSD2compliant

Download: white paper

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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.