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The alliance, which is creating an open standard for authentication, is expanding its blue-chip membership.
December 12 -
This week at the ATM, Debit and Prepaid Forum in Las Vegas, bankers cast aside differences and started to talk about the evolving payments landscape.
October 24
Discover Financial Services (DFS) has joined the Fast Identity Online Alliance, or
Discover has also been named to FIDO's board of directors, the payments company announced Tuesday. It joins twelve other companies on the alliance's board, including MasterCard (MA), Google (GOOG) and PayPal.
FIDO members must commit to sharing technology and working together in order to develop authentication standards that are compliant with each other's systems. The group is working toward creating secure, industry-standard authentication methods that would replace the password.
"Discover is committed to the continued improvement of universal authentication standards," said Daniel Almenara, Discover's vice president of authentication, in the news release. "We look forward to contributing the resources and expertise to these discussions on stronger authentication and more secure methods."
Earlier this month,
