Entersekt
Transakt from Entersekt
PSD2 compliant one-touch authentication for banks, AISPs, PISPs and other players
“Information wants to be free” goes the maxim, but banks have not traditionally seen it that way. Jailhouses of data, they have guarded their customers’ account details closely, both as a legitimate business prerogative and a regulatory obligation. Now, under the European Commission’s Revised Directive on Payment Services (PSD2), financial institutions operating in SEPA countries must allow a host of third parties access to their customers’ accounts if the latter have consented to it. The hope is that these fundamental changes will profit consumers more than any other group, increasing their choices over how and with whom they transact while lowering fees. Their protection is important too; that account data and funds remain safe is a top priority for regulators.
Entersekt’s multi-factor, out-of-band authentication solutions are engineered specifically for the heavily regulated financial sector and adhere to all major digital banking security mandates, including the requirements set out by the European Banking Authority in Final Guidelines on the Security of Internet Payments and the PSD2- specific Regulatory Technical Standards on Strong Customer Authentication and Common and Secure Communication. Our patented push-based authentication and mobile app security product Transakt harnesses the power of public key infrastructure (PKI) and deploys it seamlessly to the consumer mobile phone or tablet. Industry-standard X.509 digital certificates uniquely identify each registered mobile device – transforming them into trusted factors of possession