Netcetera to Safeguard Online Payments with Entersekt Authentication
Entersekt , a world leader in authentication and mobile app security, has announced a partnership with Netcetera, a developer and operator of highly secure and convenient payment systems. Entersekt will provide the Zurich-headquartered company with push-based transaction authentication software engineered to protect card-based online payments through a highly secure but user-friendly adaptation of the 3-D Secure process.
Designed to serve as an additional layer of security for e-commerce purchases, 3-D Secure can significantly reduce card-not-present fraud rates. Unfortunately, typical implementations of the standard do not match users’ expectations of a low-friction digital experience, relying as they do on static or single-use passwords.
Entersekt’s solution reinvents the 3-D Secure user experience by enabling consumers to authenticate purchases through their mobile devices, with just the touch of a button. This fully out-of-band, multi-factor authentication process, which does not rely on browser communications, significantly boosts security while eliminating the need to remember static passwords or enter one-time passwords.
Supporting its customers through every stage of the project life cycle, Netcetera also hosts a world-class 3-D Secure service at its PCI DSS-certified data center. “Netcetera has over a decade’s experience building and hosting 3-D Secure solutions for banks and card issuers,” explained Dr. Thomas Fromherz, head of payment and card services at Netcetera. “Integrated into our 3DS DYN product, Entersekt’s technology compliments our other offerings in this space, and ensures that we continue to provide our customers with the very best protection while delivering a singularly intuitive user experience.”
The Entersekt–Netcetera partnership has its origin in an earlier collaboration in support of the card issuer, Swisscard AECS, a joint venture between Credit Suisse and American Express. The first fruits of this new partnership are imminent, with launches in Germany later this year. Claudius van der Meulen , VP business development Europe at Entersekt, credits Netcetera’s excellent reputation for raising awareness of Entersekt in the region. “Netcetera’s expertise in managing mission-critical environments helps us to grow awareness for our unique multi-factor authentication solutions. With multi-tenant capabilities now enabled on our security platform and upcoming implementations at German card issuers and banks, I am very confident that momentum will continue to build.”
Schalk Nolte , CEO of Entersekt, added: “Entersekt’s suite of solutions provides a compelling answer to a range of challenges facing financial services companies in Europe. Whether it’s the rapid rise in online card fraud, fast-evolving mobile malware, the obsolescence of mTANs in countering phishing attacks, or regulatory changes and the impact of PSD2 on banks’ bottom lines, we can assist. That’s especially true with excellent partners like Netcetera. I’m very proud to have them stand with us.”
Entersekt is an innovator in push-based authentication and app security. The company’s one-of-a-kind approach harnesses the power of digital certificate technology with the convenience of mobile phones to provide financial services companies and their customers with full protection from online fraud. Built on open technologies for high availability, scalability, and simple integration, Entersekt’s patented security products protect millions of devices and transactions daily, while complying with the world’s most stringent regulatory guidelines. Enterprises across the globe look to Entersekt to strengthen the bond of trust they share with their customers, and to build on those relationships by introducing compelling, user-friendly new mobile and online services. For more information on Entersekt, visit entersekt.com .
As a leading Swiss software company, Netcetera supports its customers worldwide with trend-setting products and custom software. It covers the entire IT service lifecycle, from strategy to implementation and operation. A balanced combination of cutting-edge technology and proven standards ensures investment security, from large-scale projects to innovative start-ups. Netcetera’s 350 employees have one common goal: to help its customers reach their digital business targets. Founded in 1996, Netcetera is a holding company with headquarters in Zurich and offices in Switzerland, Germany, Liechtenstein, Macedonia, and the United Arab Emirates. For more information about Netcetera, visit netcetera.com .
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