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FIDO Authentication meets PSD2 requirements

Wednesday 20 September 2017 00:47 CET | News

The FIDO Alliance, an industry consortium designed to address the issue of online authentication has released its paper, which provides a way to meet PSD2 strong authentication requirements. 

Banks and PSPs can select from many vendors of modern authentication solutions and/or they can develop and test their own FIDO-based PSD2 solutions. Once deployed, banks and PSPs may accept a variety of certified, interoperable FIDO-compliant authenticators in the market, including those in mobile devices and PCs, and hardware-backed security keys.

With asymmetric cryptograph, FIDO addresses the RTS security requirement designed to mitigate theft of payment service credentials by all known attacks.


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Keywords: FIDO Alliance, authentication, PSD2, security, banks, payment service providers, RTS
Categories: Fraud & Financial Crime
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Countries: World
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Fraud & Financial Crime






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