The FIDO Alliance announced today the launch of a new Payments Working Group (PWG) focused on developing and implementing FIDO authentication solutions specifically for payment use cases. This initiative marks a significant expansion of the organization’s efforts to eliminate password dependencies in critical digital transactions.
The new working group emerges at a time of growing momentum for passwordless authentication in the payments sector. Last year, Visa implemented passkeys for online payments, allowing customers to authorize transactions using biometric authentication rather than traditional passwords.
The Alliance, which now comprises over 250 members, has been steadily expanding its influence across various sectors of digital authentication.
