🔐 Just in time for Black Friday and vacation shopping season, Mastercard has announced changes to its Identity Check program, a sophisticated security tool that uses the 3-D Secure 2.0 protocol, for South African cardholders. In 2022, CNP fraud amounted to 76.9% of the gross fraud losses on South African-issued credit cards. These changes will provide cardholders with added security at checkout. 🛒💳 "Fraud prevention has become incredibly complex, making it more essential for organizations to work with industry leaders like Mastercard as well as authentication partners who have the global experience to tackle new challenges as they emerge," says Andries Maritz, Principal Product Manager at Entersekt. Read more 👉 https://bit.ly/4gQlZ8a #Mastercard #IdentityCheck #3DSecure #BlackFriday #eCommerce #CNPFraud #CyberSecurityAwareness
Entersekt
Financial Services
Atlanta, GA 15,951 followers
One cross-channel platform for secure authentication of customers and payments alike, without unnecessary friction.
About us
Entersekt provides transaction authentication to financial institutions that is both secure and free from unnecessary friction. Our single, cross-channel platform empowers these institutions to build great user experiences for their customers, helping to drive revenue growth without adding further costs and complexities to their ecosystems. For over a decade, we have enabled some of the world’s most prominent financial brands with the tools and confidence to conquer fraud, compliance, disparate customer journeys, and the related bottom-line impact of reputational damage and customer loss. Backed by companies like US-based Accel-KKR, one of the world’s top private equity firms, Entersekt continues to innovate and expand its global footprint. For more information, visit entersekt.com.
- Website
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http://www.entersekt.com
External link for Entersekt
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Atlanta, GA
- Type
- Privately Held
- Founded
- 2008
- Specialties
- Regulatory compliance, Customer registration, 3-D Secure, QR Payments, Digital identity, FIDO authentication, PSD2 compliance, FIDO2 certified, Browser authentication, in-app authentication, Scan-to-pay, Strong customer authentication, Fraud prevention, seamless user-experience, passwordless authentication, 2FA, Multi-factor authentication, MFA, and Two-factor authentication
Products
Entersekt for Q2
Fraud Protection Software
Entersekt allows Q2 banking customers to offer more secure, user-friendly login and payment experiences beyond traditional OTPs to their customers – whether on a branded FI-specific app or with app-free authentication that leverages biometrics across PCs and mobile devices. Fraud is a lucrative business for scammers, leading to financial losses, a breakdown in trust between an institution and their customers and damage to credibility. Entersekt protects your customers against account takeover fraud commonly associated with traditional OTP authentication - such as SIM swap fraud. Additionally, offer a seamless and more secure way for clients to reset passwords is essential, as password resets can cost up to $3 and take 10 minutes of your agent's time per incident. By offering a seamless biometric solution, banks can reduce the burden of password resets on their call centers and improve customer experiences.
Locations
Employees at Entersekt
Updates
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📅 Join our upcoming Q2 partner webinar, ‘Defeating evolving fraud with dynamic authentication’ on October 24, 2024, the first webinar in our ‘First line of defense' series. Entersekt's Senior Director: Solutions Consulting, Steve Bledsoe, and our VP Product: Identity & Authentication, Mzukisi Rusi, will share how FIs can: ⚡ Get up to speed on the latest fraud trends ✂️ Reduce reliance on legacy technologies ✔️ Keep customers safe through modern authentication supported by real-time risk intelligence Register now 👉 https://lnkd.in/dyUJMnQZ
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When the pace of work seems to get faster every day, it can be tricky for leaders and team members to practice empathy. Yet, that doesn’t negate its vital role in creating a safe, supportive environment for everyone to flourish in the workplace. 🌱 In this article, our VP: Transformation & Growth, Arno Kemp, shares practical tips for creating a positive, empathetic work environment – something we pride ourselves on here, at Entersekt. Read more 👉 https://bit.ly/3TXWS9C #MondayMotivation #EmpathyAtWork #LeadWithEmpathy
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A successful few days at Mastercard RiskX, filled with productive meetings, insightful discussions, great presentations, and seeing the 🎾 legend himself, Andre Agassi. ⭐ As our partnership with Mastercard continues to grow stronger, we’re excited about the opportunities ahead. Here’s to a future of innovation and security, together. 🚀 Learn more 👉 https://lnkd.in/dvuH7xgn Entersekt #Mastercard #RiskX #partnerships #fintechinnovation
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📢 New on the Entersekt blog! How we use silent authenticators to keep your customers' banking transactions safe, without derailing their UX or trampling on their privacy rights. 🤫 Read more 👉 https://bit.ly/4drI2zj #digitalbanking #bankingsecurity #authentication #fintechinnovation
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📍 Day 2 of the Credit Union Technology Forum is well underway at Québec City Convention Centre! Remember to stop by stand #215 to connect in person with Gabor Vodics, Steve Bledsoe, and Frank Moreno – Entersekt's very own experts in fraud prevention for your CU, and ready to chat. 🏦💳🔐 #CUTechForum #digitalbanking #fraudprevention #fintechinnovation
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🔔 One day to go until the Credit Union Technology Forum kicks off in Québec City! We believe great solutions start with getting together and sharing ideas. So reach out directly to Entersekt's Frank Moreno, Gabor Vodics, or Steve Bledsoe to connect in person and discuss the future of fraud prevention at your CU. 🚀 For event details and registration, check out 👉 https://bit.ly/4eJddH9
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🚦Our team is on the go! Join Matt Loos, Jürgen Wassmann, Brian Kappler, Greg Esser, and Kyle Mallinger at Mastercard RiskX from October 1-2 in Miami, Florida to explore solutions to fast-evolving fraud, and how to prioritize the customer experience with innovative technologies. Register now 👉 https://bit.ly/4ekpWjZ
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🎫Recently, some members of our engineering team attended #EuroBSDcon 2024 in Dublin, a conference for all developers and users working with BSD tools like FreeBSD and OpenBSD. 🛠️ The team got inspiration from the latest BSD news and new deployment case studies... not to mention the fun mascots for 🐐 BSD and 🐡 OpenBSD! Well done Matti Aronen, Atanu Biswas, Sara Farooghian, Joann Babak, Kingshuk Chowdhury, Erik Bolsø, Tommi Pernilä, Marie Helene Kvello-Aune, Eirik Øverby, and Anders Gulden Olstad for continually keeping your knowledge up-to-date and improving your (already exemplary) skills! 👏
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👨💻Fraudsters are not quitters. They continually push beyond the boundaries in place to thwart their criminal efforts. Yet, fraud prevention solutions that uniquely identify a customer can help FIs stay ahead of: ✅ phishing attacks ✅ account takeovers (ATOs) ✅ authorized push payment (APP) fraud and other evolving fraud risks Find out how to protect your customers and build their trust in our new fraud prevention ebook 📖 https://bit.ly/47FFCvE #ATO #phishing #customerauthentication