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

The new effort builds on FIDO’s existing partnership with W3C to provide a standard way for mobile wallet providers and payment application developers to support on-device cardholder verification (CDCVM) with biometrics or other authenticators.MONEY20/20, LAS VEGAS, October 24, 2016 – FIDO Alliance, the industry consortium developing open, interoperable authentication standards, announced today that it will work with EMVCo to add convenience and security to in-store and in-app EMV®-compliant mobile payments.

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