December 3, 2013 -
“We’re pleased to support FIDO Alliance’s efforts to create and implement simpler and higher authentication standards that will help protect people from ever more sophisticated fraud,” Pat Carroll, Chairman of ValidSoft said. “Thanks to our unique security ‘by design’ approachand our ability to leverage advanced telecommunications capabilities and real-time invisible checks that do not involve the customer,we are allowingpayment processors to provide stronger verification and authentication, without negatively impacting the consumers’ experience.”
As we’ve reported extensively in the past, the FIDO Alliance works to develop industry standards that increase compatibility and reduce reliance on usernames and passwords to authenticate users online. Instead, the Alliance sees a world where passwords would be effectively replaced by low-friction authentication methods embedded in device hardware, including biometrics.
“We are excited to welcome ValidSoft as our newest member,” Michael Barrett, FIDO Alliance President and PayPal CIO said. “The FIDO vision of universal strong authentication promises better security, enhanced privacy, more commerce and expansion of services throughout digital industries. ValidSoft’s contribution to our Alliance supports our industry goal to make user authentication easier and safer for all parties.”
Reported previously in BiometricUpdate.com, ValidSoft recently appointed Paul Burmester to the company’s CEO post.
Last month, ValidSoft was awarded a UK patent for its dual-wireless network SSID authentication system, which is particularly suited to mobile applications in wireless settings.
Earlier this year, the FIDO Alliance announced that it had met and exceeded the 50-member mark just months after launching.