EnterCard Partners with Encap in Scandinavia on re:membercard
Nordic credit card issuer EnterCard has integrated Encap’s two-factor authentication technology into its new re:membercard mobile application, enabling secure access for its customers to their financial services on the move. The service was developed in partnership with ID specialist Signicat.
EnterCard, a joint venture between Barclays Bank and Swedbank formed in 2005, is a European card issuer with more than two million customers. In addition to issuing the re:member credit card, it runs card programmes for corporates that include British Airways, Swedbank and SpareBank1.
“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 subscriber identity module [SIM]-based solution,” said Freddy Syversen, chief executive officer (CEO) of EnterCard. “Encap provided us with the tools and competence that supports our digital ambitions.”
Thomas Bostrøm Jørgensen, CEO of Encap, added: “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.”
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, short message service (SMS) passwords, or other one-time passwords.
EnterCard added that 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 perform electronic commerce (e-commerce) transactions wherever they are.