Banks in Europe have deployed customer authentication solutions for several years. These solutions have served their purpose well and enabled customers to safely log in to their bank accounts. In the world of e-commerce, these solutions, when used, have been successful in combating online payment fraud.
The Second Payment Services Directive (PSD2) and its associated Regulatory Technical Standards (RTS) dramatically change the payment landscape, considering:
- The mandate for strong, multi-factor authentication,
- The emergence of Third Party Providers (TPP) accessing accounts via open APIs
The success of PSD2 will ultimately be determined by how well banks can balance user convenience with security obligations, while maximizing reach. As such, they may want to evaluate how well their legacy authentication solutions meet this new need.
FIDO authentication standards have been proposed as a way for banks to meet all requirements in a PSD2 world — but is the change from a legacy method to FIDO worthwhile?
Join this webinar to learn more about FIDO Authentication standards and how they compare with legacy authentication methods used to access an account or secure an online payment. The methods compared are SMS OTPs, hardware OTP generators, CAP readers, and proprietary smartphone and biometrics-based solutions in terms of PSD2 compliance, security, usability and scalability.
Join us to find out: Why change to FIDO?
Register for the webinar here.
July 16th at 3pm CET | July 16th at 9am EST
Speakers: Alain Martin, co-chair of the FIDO Europe Working Group and Head of Consulting and Industry Relations, Thales
Moderator: Andrew Shikiar, Executive Director and CMO, FIDO Alliance
MORE Implementation & Deployment
White Paper: Multi-Device FIDO Credentials
The FIDO standards, together with their companion WebAuthn specification, are...March 17, 2022
White Paper: Choosing FIDO Authenticators for Enterprise Use Cases
Secure access to online applications and services has evolved into...March 12, 2022
PLUSCARD uses FIDO as Innovative Alternative to App-based Payment Authentication
Overview PLUSCARD, a full-service processor for 140 financial institutions across...October 29, 2021