[July 26, 2016] |
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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 (News - Alert)
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 (News - Alert). 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."
About Entersekt 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.
About Netcetera 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160726005106/en/
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