MasterCard gets on board with Fido

The credit card company’s new association with the Fido alliance will help to cultivate online fingerprint identification in the payment industry.

With FIDO moving towards standardizing online person identification through biometrics and other means, MasterCard’s joining will help to extend the standardization to various types of payment transactions.

Ed McLaughlin, chief emerging Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term officer at MasterCard comments saying: "Our involvement with the FIDO Alliance, as well as other activities across the industry, will help deliver strong security for consumers, merchants and issuers, as well as a great consumer experience,"

The aim is to replace clumsy and confusing password identification with safer and more user friendly methods in online payments (particularly in the mobile sphere).