FIDO Alliance Announces New Authentication Specification Effort with EMVCo to Bring Added Security and Convenience to Mobile Payments - Seite 2

The new FIDO specification will also add another layer of convenience to the consumer mobile payment experience by providing mobile payment applications with additional risk management information, ultimately reducing the number of times that a consumer needs to authenticate themselves in order to approve a payment within a given time period. For example, when the mobile payment application calls the FIDO authenticator, it can check the last time the user was verified by the authenticator. If that falls within the requirements for CDCVM, the payment will be authorized without any additional interaction with the user. The FIDO Alliance also sees the potential for this capability to be extended to use cases beyond payments, including for VPN access, rights managements and workflow management.

W3C Strategy Lead Wendy Seltzer commented, "W3C is pleased to support this FIDO Alliance extension as yet another example of the growing and vibrant authentication ecosystem enabled through our Web Authentication API, currently under development by the WebAuthn Working Group."

Brett McDowell made this announcement this morning at Money20/20, being held this week through Oct. 26 in Las Vegas. Attendees looking to learn more about the FIDO Alliance's efforts to help the financial services industry deploy stronger, simpler authentication should stop by the FIDO Ecosystem Pavilion on the show floor, booth #2843.

Editor note:
EMV^® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo.

About The FIDO Alliance
The FIDO (Fast IDentity Online) Alliance, www.fidoalliance.org, was formed in July 2012 to address the lack of interoperability among strong authentication technologies, and remedy the problems users face with creating and remembering multiple usernames and passwords. The FIDO Alliance is changing the nature of authentication with standards for simpler, stronger authentication that define an open, scalable, interoperable set of mechanisms that reduce reliance on passwords. FIDO authentication is stronger, private, and easier to use when authenticating to online services.

The FIDO Alliance Board of Directors includes leading global organizations: Aetna, Inc. (NYSE: AET); Alibaba Holdings (NYSE: BABA); American Express (NYSE: AXP); ARM Holdings plc (LSE: ARM) (NASDAQ: ARMH); Bank of America Corporation (NYSE: BAC); BC Card; CrucialTec (KOSDAQ: 114120); Daon; Egis; Feitian Technologies (XSHE: 300386); Google (NASDAQ: GOOG); Intel (NASDAQ: INTC); ING (NYSE: ING); Infineon Technologies AG (FSE: IFX) (OTCQX: IFNNY); Lenovo (NASDAQ: LNVGY); MasterCard (NYSE: MA); Microsoft (NASDAQ: MSFT); Nok Nok Labs, Inc.; NTT DOCOMO, INC. (NYSE: DCM); NXP Semiconductors N.V. (NASDAQ: NXPI); Oberthur Technologies OT; PayPal (NASDAQ: PYPL); Qualcomm, Inc. (NASDAQ: QCOM); RSA®; Samsung Electronics, Ltd (KSE: SECL); Synaptics (NASDAQ: SYNA); USAA; VASCO Data Security International, Inc. (NASDAQ: VDSI); Visa Inc. (NYSE: V); Yubico.

¹ Consumer Device Cardholder Verification Method (CDCVM) is a type of consumer verification method (CVM) supported by the card networks that is captured and verified on the cardholder's mobile device (e.g. biometric, passcode).

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