Nordic credit card issuer EnterCard has has announced it has integrated Encap’s two-factor authentication technology into its new re:membercard mobile application. The service was developed in partnership with ID specialist Signicat.
EnterCard, a joint venture between Barclays Bank and Swedbank, is behind the popular re:member credit card and runs card programmes for the likes of British Airways, Swedbank and SpareBank1.
By integrating Encap into its re:membercard app, available on both Android and iOS, EnterCard will provide secure two-factor user authentication. Customers will be able to access their services using the app on their smartphone without the need for hardware tokens, SMS passwords, or other one-time passwords. This will provide EnterCard’s customers with an intuitive, convenient experience, and secure authentication without leaving the app.
“We need cross-border support since we operate in four Nordic countries, and we didn’t want our customers to be tied to a single mobile operator through a SIM-based solution.” said Freddy Syversen, CEO of EnterCard.
“The Nordic countries are leading the world in terms of smartphone penetration and EnterCard is meeting the needs of these smartphone users by providing access to their financial services using mobile,” said Thomas Bostrøm Jørgensen, CEO, Encap.
With smartphone penetration in some Nordic countries already as high as 50% and rising, re:member customers will be able to use smart devices to access their information and perform e-commerce transactions wherever they are.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.