Nedbank partners Entersekt for online card purchase authentication solution

Wednesday 23 July 2014 13:09 CET | News

South African financial institution Nedbank has partnered with Entersekt, an online authentication solutions provider, to integrate the latter’s Online Card Purchase Authorization technology into the bank’s Approve-it system.

Nedbank is leveraging Entersekt’s Online Card Purchase Authorization technology to expand the protective reach of Approve-it to the card-not-present channel.

Approve-it serves as a security feature to allow Nedbank’s customers to authenticate online card purchases directly through their personal mobile device. When a Nedbank customer performs a 3D online purchase with their card, they will receive a push message via their mobile device requesting them to authorize the transaction.

Entersekt combines the power of electronic certificate technology (PKI) with mobile phones and encrypted cloud messaging to provide financial institutions and their customers with protection from online banking fraud.

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Keywords: Nedbank, Entersekt, online card purchase, authentication solution, online security
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime