FIDO Board Welcomes American Express, VASCO, Infineon

FIDO Board Welcomes American Express, VASCO, InfineonThe FIDO Alliance has announced three important new appointments to its board of directors. Semiconductor maker Infineon, data security specialist VASCO, and American Express are all now on the 28-member board.

For at least a couple of these new appointees, joining the board of directors would seem to have been a long time coming. Infineon was one of the founding members of the FIDO Alliance in 2012; VASCO, meanwhile, has long been a FIDO sponsor. American Express, while new to FIDO, operates in a field in which FIDO’s authentication specifications are increasingly important as payments go digital, particularly with the rise of eCommerce and mCommerce. In a statement, American Express VP Upendra Mardikar explained that as “the lines between offline and online commerce blur, addressing identity verification for managing payments is pivotal to the future of the financial industry,” adding that working with FIDO “will enable American Express and the financial industry to pave the path to more secure payments.”

It’s a significant catch for FIDO Alliance, and should further increase its clout in promoting its authentication standards across various industries and sectors. The announcement comes at a particularly fortuitous time given the FIDO Alliance’s launch this week of its new FIDO Cooperation & Liaison Program, which aims to foster collaboration with other trade associations and organizations that pursue interests that overlap with those of FIDO.