Entersekt Awarded New Patent For Frictionless Multi-Factor Authentication (MFA)

 

Entersekt, a leader in financial authentication, achieves a milestone with the granting of its 99th software technology patent by the US Patent office, showcasing its commitment to combatting financial fraud. The recent patent, named "Frictionless SCA," enables Entersekt to provide a multi-factor authentication solution without requiring explicit user interaction. By integrating possession and inherence factors, Entersekt's Browser ID or Mobile App ID, along with behavioral biometrics, identifies "trusted interactions," facilitating frictionless, Context-Aware™ Authentication for digital banking and payment fraud prevention. This novel approach allows users to engage with digital platforms and conduct transactions seamlessly, such as e-commerce via 3-D Secure, without active authenticators like one-time passcodes.

In the face of growing privacy regulations impacting browser technology providers like Apple, Google, Mozilla, and Microsoft, Entersekt stands out by offering privacy-friendly solutions. The patent reinforces Entersekt's unique value proposition, emphasizing cryptographic proof of possession through its Browser ID/App ID. Gerhard Oosthuizen, Chief Technology Officer at Entersekt, highlights the patent's significance in improving transaction approval rates while prioritizing security and frictionless authentication. The company's pioneering role is further underscored by a Liminal Research Report indicating a widespread readiness among organizations to transition to passwordless authentication. Financial institutions, reliant on one-time passcodes and biometrics, recognize Entersekt's innovation as essential for regulatory compliance, reducing friction, and enhancing the overall customer experience.

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