The FIDO Alliance is consolidating the route for FIDO standards merging into the commercial payments ecosystem with the help of smart card company, EMVCo.
The authentication protocol is growing with global consensus between members for open standards based on passkeys. EMVCo’s product is a smart payment method underlaid with technical standards for secure transactions.
The duo will guide merchants, issuers and acquirers on how to submit and process FIDO authentication data under the standardised approach.
EMVCo has released a whitepaper in partnership with the FIDO Alliance called “EMV® 3-D Secure White Paper – Use of FIDO® Data in 3-D Secure Messages”.
Merchants like EMVCo are adopting FIDO standards to create seamless, trust-bound e-commerce transactions in EMV 3DS secure messages. The whitepaper explores merchants using device-based authentication where any payments credential is bound to the trusted device to verify the credential is being used by the rightful cardholder.
The whitepaper suggests issuers require more data and control to validate cryptographic authentications, which should be transparent through a chain of trust between cardholder authentication, FIDO enrolments and FIDO authentication.
