Transaction Trends (US): ETA Expert Insights: FIDO Designs Faster Deployments

FIDO was founded in 2012 by PayPal, Lenovo, and Nok Labs. They are working to change authentication through open standards that are more secure than passwords, more straightforward for consumers, and more accessible for service providers to deploy and manage. FIDO’s latest innovation, passkey, provides fast, easy, secure sign-ins to websites and apps across multiple devices. Passkey users can sign in with a biometric, PIN or security key rather than a username and password, FIDO representatives noted, and without having to re-enroll devices or accounts each time, they sign in.