FIDO™ - the solution to the world's password problems
High level security and data protection through FIDO™.
Merchants and wallet providers have an existing relationship with consumers, and there is an opportunity to leverage authentication mechanisms established during that relationship to authenticate to remote transactions as a delegation of the bank’s authentication.
This white paper reviews the different authentication mechanisms that can be used by merchants or wallet providers in the context of Strong Customer Authentication (SCA) Delegation and explains why FIDO is best positioned to meet the requirements from regulatory authorities, banks, merchants, or wallet providers.
FIDO™ is an industry standard designed to authenticate consumers with a high level of security and privacy but with minimal friction, and the implementation of FIDO standards is scalable across multiple consumer devices and platforms, making FIDO the recommended solution for SCA Delegation.