Discover Financial Services Joins FIDO Alliance to Accelerate and Simplify User Authentication and Make Transactions More Sec...
17 Dicembre 2013 - 2:05PM
Business Wire
Discover Financial Services (DFS) and the FIDO (Fast
IDentity Online) Alliance, an industry consortium revolutionizing
online authentication with the first standards-based
specifications, today announced that Discover has joined the
Alliance and been appointed to the Board of Directors.
FIDO members commit to share technology and collaborate to
deliver open specifications for universal strong authentication
that enables FIDO-compliant authentication methods to be
interoperable, more secure and private, and easier to use.
“The implementation of a fast and secure authentication method
will allow us to both serve our customers and protect their
information better, improving the overall customer experience,”
said Daniel Almenara, vice president of authentication and decision
infrastructure solutions at Discover. “Discover is committed to the
continued improvement of universal authentication standards. We
look forward to contributing the resources and expertise to these
discussions on stronger authentication and more secure
methods.”
Open FIDO specifications will support a full range of
authentication technologies, including biometrics such as
fingerprint and iris scanners, voice and facial recognition, as
well as existing solutions and communications standards, such as
Trusted Platform Modules (TPM), USB Security Tokens, embedded
Secure Elements (eSE), Smart Cards, Bluetooth Low Energy (BLE), and
Near Field Communication (NFC). The open specifications are being
designed to be extensible and to accommodate future innovation, as
well as protect existing investments. FIDO specifications allow the
interaction of technologies within a single infrastructure,
enabling security options to be tailored to the distinct needs of
each user and organization.
“Our Board of Directors and the whole financial services
community are stronger today as we welcome Discover Financial
Services to the FIDO Alliance. With our rapidly growing body of
members, Discover joins a powerful global ecosystem in bringing
open standards for strong authentication to the marketplace for an
easier user experience that is more secure and private,” said
Michael Barrett, president of the FIDO Alliance. “True to its
reputation, Discover continues to lead the financial services
industry in innovation and service to the individual. Their
commitment to FIDO authentication will improve millions of Discover
users’ experiences, and equip Discover merchants with advanced
management controls over risk.”
The FIDO approach ensures that Relying Parties (RPs), such as
Discover, and their users have a variety of choices for better
authentication that overcomes the prevailing reliance on passwords.
FIDO authentication is designed with a core focus on privacy -- all
biometric or personal identifying information (PII) stays local on
the user’s device and is never shared to the cloud or over the
network.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking
and payment services company with one of the most recognized brands
in U.S. financial services. Since its inception in 1986, the
company has become one of the largest card issuers in the
United States. The company issues the Discover card, America’s cash
rewards pioneer, and offers home loans, private student loans,
personal loans, home equity loans, checking and savings accounts,
certificates of deposit and money market accounts through its
direct banking business. It operates the Discover Network, with
millions of merchant and cash access locations; PULSE, one of the
nation's leading ATM/debit networks; and Diners Club
International, a global payments network with acceptance in more
than 185 countries and territories. For more information,
visit www.discover.com/company.
About The FIDO Alliance
The FIDO (Fast IDentity Online) Alliance, www.fidoalliance.org,
was formed in July 2012 to address the lack of interoperability
among strong authentication technologies, and remedy the problems
users face with creating and remembering multiple usernames and
passwords. The Alliance plans to change the nature of
authentication by developing standards-based specifications for
better authentication that define an open, scalable, interoperable
set of mechanisms that reduce reliance on passwords. Better
authentication is stronger, private, and easier to use when
authenticating to online services.
Media Contacts:DiscoverLaura
Gingiss224-405-0185lauragingiss@discover.comorfor FIDO
AllianceSuzanne Matick831-479-1888suzanne@matick.net
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