MasterCard joins FIDO Alliance

PALO ALTO, USA: The FIDO (Fast IDentity Online) Alliance, an industry consortium revolutionizing online authentication with the first standards-based specifications, and MasterCard today announced that MasterCard has joined the Alliance and been appointed to the board of directors.

FIDO members commit to share technology and collaborate to deliver open specifications for universal strong authentication that enables FIDO-compliant authentication methods to be interoperable, more secure and private, and easier to use.

Ed McLaughlin, chief emerging payments officer, MasterCard said: "As consumers continue to interact across smarter devices and new technologies beyond the traditional plastic card, we're committed to continue to deliver simpler, better and more secure payment experiences. We believe our involvement with the FIDO Alliance, as well as other activities across the industry, will help deliver strong security for consumers, merchants and issuers without impacting the consumer buying experience."