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Divergence Instead of Convergence in Security and Payments Authentication Industry

Companies working by themselves for a common cause are not good for the ecosystem. It is good that we have seen multiple alliances in the recent past.

If companies work solo, it can be hard to succeed, but if alliances work solo, it might be even harder. The industry is now looking for a standard that would be acceptable for all. An industry standard can be created only if all the alliances work for a common cause. There is even a risk of hampering the ecosystem otherwise.

1. The FIDO Alliance is trying to revolutionize online authentication systems

The FIDO ("Fast IDentity Online") Alliance is an industry consortium which was launched in February 2013. The industry consortium is trying to address the lack of interoperability among strong authentication devices and the problems users are facing by creating ...

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