Entersekt Provides NuData-Powered Risk Screening for Capitec Bank

South Africa’s Capitec Bank is teaming up with Entersekt to increase security in e-commerce transactions. The bank will be implementing Entersekt’s EMV 3-D Secure solution, which leverages behavioral biometrics technology from the Mastercard subsidiary NuData Security.

NuData and Entersekt first joined forces back in 2020. The former’s flagship NuDetect solution is fully integrated with EMV 3-D Secure, and analyzes user behavior and other data points to generate a risk score whenever a shopper makes an online purchase. If the new purchase is consistent with past activity, NuDetect allows the transaction to proceed without adding any more friction. If not, it asks for step-up authentication to ensure that the purchase is legitimate and that the card owner is initiating the transaction.

The NuData solution is able to track user activity across web browsers and mobile devices. Entersekt, meanwhile, noted that card-not-present fraud has been a particularly big problem in South Africa in recent years, accounting for 80 percent and 53 percent of credit card and debit card fraud, respectively. The joint system supports a number of different authentication options for cases in which follow-up authorization is required, ranging from app-based push prompts to FIDO security keys and biometrics.

“Our solution is fully customizable, enabling Capitec to create differentiated e-commerce experiences for their cardholders,” said Entersekt CEO Schalk Nolte. “This implementation is another milestone on our innovation journey with Capitec as we keep pushing the boundaries of digital security and user experience.”

“We are constantly looking for ways to offer the best security possible without impacting our customers’ experiences,” added Capitec Marketing and Communication Executive Francois Viviers. “This allows our team to continue to innovate, keeping our customers secure and Capitec at the forefront of digital banking innovation in South Africa.”

Entersekt has previously provided card security services for Netcetera clients in Austria and Germany. The company has also partnered with Bonifii to protect credit union transactions. 

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May 10, 2022 – by Eric Weiss