Entersekt, an innovative South African pioneer in transaction authentication technology, has announced the expansion of its business into the US market. The company will operate from offices in Atlanta, Georgia, and will be represented by President of International Business Development Francois van Schoor and SVP North America Doug Parr.
Van Schoor is tasked with directing Entersekt's global expansion. He started his career in the payments industry in the late 1990s when he joined Mosaic Software as head of its Africa operations. He later established the Mosaic Software Asia-Pacific division in Australia. After the company was bought by S1 Corporation in 2004, Van Schoor served several executive roles at S1: first, in Singapore, leading the company's Asia-Pacific operations; then, at the company's headquarters in Atlanta, managing its non-US payments operations. Finally, he became president of S1's global payments division.
Doug Parr is responsible for providing vision and leadership for developing and implementing Entersekt's software and solutions in North America. Previously, he served as managing director for P4TC, where he was responsible for consulting and contracting executive services for the payments technology sector. He also served as senior vice-president and general manager North America for S1 Corporation.
Entersekt's one-of-a-kind approach harnesses the power of electronic certificate technology with the convenience of mobile phones to provide financial institutions and their customers with full protection from fraud in the online and card-not-present space. Certificates are deployed using Entersekt's mobile application, Transakt, available for hundreds of different mobile platforms, be it iOS, BlackBerry, Android, Windows Phone or any other Java platforms.
Transakt verifies both the bank and the mobile device, eliminating the need for expensive hardware tokens or cumbersome one-time passwords. The bank retains full control over registering users and all communication is encrypted end-to-end and cannot be intercepted by outside parties.
Says Schalk Nolte, CEO of Entersekt: "We are immensely pleased with the traction that Entersekt is gaining globally - a development that attests to the uniqueness and quality of Transakt and Interakt, our authentication products. The calibre of our staff will ensure that we are as successful internationally as we have been in the South African banking environment."
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