News

FIDO Alliance Appoints Samsung Electronics to Board of Directors

Both companies plan to work on a full range of authentication technologies for phones, including fingerprint and iris scanners, voice and facial recognition.

FIDO (Fast Identity Online) announced that Samsung Electronics, Ltd, has joined the FIDO Alliance and been appointed to the Board of Directors.

"Samsung introduced the world's first smartphone with biometric payment authorization system at Mobile World Congress this year. Samsung partnered with PayPal for including a fingerprint-based authentication system utilizing FIDO Ready technologies in its latest flagship device Galaxy S5. We are thrilled to join the FIDO Alliance and look forward to working with industry leaders in paving the way for convenient, reliable and secure mobile payment experience based on open standards," Michael Pak, Vice President of Security at Samsung told Yahoo Finance.

FIDO will support a full range of authentication technologies, including fingerprint and iris scanners, voice and facial recognition, as well as enhancing Trusted Platform Modules (TPM), USB Security Tokens, embedded Secure Elements (eSE), Smart Cards, Bluetooth Low Energy (BLE), and Near Field Communication (NFC).

The company is currently designing the open specifications to be extensible and hopes to accommodate future innovation.

"We are thrilled to have Samsung join us on the FIDO Alliance Board of Directors,” FIDO Alliance vice president and PayPal senior cybersecurity advisor Brett McDowell told Yahoo Finance. “We look forward to continued innovation and market adoption of FIDO standards with their leadership and support."

 

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

——————————

NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

Click to comment

TRENDING RIGHT NOW