Entersekt, a South Africa-based provider of authentication and application security solutions for banks, has signed a reseller agreement with US-based Blue Bay Technologies.

After this agreement, Blue Bay will offers Entersekt’s patented multi-factor authentication and app security product, Transakt, to banks and other enterprises in North America.

Transakt provides full protection from phishing and other attacks targeting the online, mobile, and card-not-present channels.

It uses high-tech digital certificate technology and proprietary mobile validation techniques to form a trusted communication channel between service providers and their customers’ or employees’ mobile phones or tablets. Transakt is validated with the Ready for IBM Security Intelligence program.

Blue Bay VP of access management Ray Neucom said: “Transakt protects against the use of stolen credentials and browser and Wi-Fi–based attacks in a way that is easy to use and well accepted by consumers. We are excited to deliver this product to US organizations that provide access to sensitive data and transacting capabilities online and via mobile.”

Dewald Nolte, a co-founder of Entersekt and its SVP partnerships and alliances, said:  “US digital service providers are looking for authentication solutions that have a light impact on end-users while also providing banking-grade protection. We are very pleased to have Blue Bay on board to help us meet the demand.”

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By GlobalData