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Snippet: The only company in Switzerland to offer American Express, Mastercard, and Visa credit cards from a single source, Swisscard wanted to replace one-time passwords used to authenticate card-not-present transactions. Entersekt teamed up with Netcetera to help, and in 2014, Swisscard became the first European issuer to launch the Transakt mobile app for online payment authentication.

The only company in Switzerland to offer American Express, Mastercard, and Visa credit cards from a single source, Swisscard wanted to replace one-time passwords used to authenticate card-not-present transactions. Entersekt teamed up with Netcetera to help, and in 2014, Swisscard became the first European issuer to launch the Transakt mobile app for online payment authentication.

Business challenges

  • Improve cardholders’ experience of 3-D Secure and reduce abandonment rates
  • Meet changing digital payment security regulations
  • Roll out a new solution with minimal disruption to customers

Results

  • Hundreds of thousands of transactions secured since launch
  • No reported fraud losses to date
  • Shopping-cart abandonment significantly reduced

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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.