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Worldline Authentication server is now certified by FIDO Alliance to make secure password-free web authentication

29 august 2023

Worldline, a global leader in payment services, announced that its Trusted Authentication solution is officially certified by FIDO Alliance, a worldwide organisation aimed at standardisation and bringing interoperability to the authentication world. The certification is clear evidence of Worldline’s active online identification strategy in promoting strong authentication, interoperability, and the use of biometrics.

The FIDO Alliance is a global open industry association that aims to reduce the world’s over-reliance on passwords by creating authentication standards. FIDO certifications are a guarantee of quality and security.

Worldline’s FIDO-certified Trusted Authentication offering is a password-free web-based authentication solution that is suitable for all markets. The solution combines FIDO authenticators and Worldline’s back-end server to ensure strong customer authentication (SCA) for online banking use cases, 3DS payments, digital identity, and delegated authentication to retailers.

Using Worldline’s Trusted Authentication on FIDO provides numerous benefits for organisations that want to enhance their online security and improve the authentication experience for their customers:

Improved security: by using cryptographic keys instead of passwords, the FIDO-certified server provides an extra layer of protection against attacks such as phishing, account takeover, and other types of online fraud.

Interoperability: a seamless and consistent authentication experience across different devices and services is guaranteed thanks to interoperability among a wide range of FIDO-compliant devices and platforms, including smartphones, tablets and laptops.

User convenience: the authentication process is more convenient and user-friendly, as users are not required to remember complex passwords or carry physical authentication devices. Instead, they can authenticate using biometrics such as fingerprints, facial recognition, or by using a hardware token such as a USB key.

Cost savings: organisations can save money on password-related support costs, such as password resets and account lockouts. In addition, the risk of data breaches and additional costs such as regulatory fines, legal fees, and damage to reputation, is reduced.

Andrew Shikiar-executive director and CMO of the FIDO Alliance said: “By achieving FIDO certification, Worldline is showing its dedication to the vision of industry standards for strong authentication. They join a powerful FIDO ecosystem vital to widespread adoption of interoperable, strong authentication that simplifies the user experience while raising security and privacy at the same time.”

Tanguy Epale – Head of Digital Services at Worldline Financial Services said: “The FIDO solution helps to combat financial exclusion by offering an alternative to non-smartphone-based authentication. Moreover, the FIDO certification guarantees that our authentication solution is adaptable with other certified devices and services, providing a consistent user experience. It also ensures the solution’s commitment to rigorous security standards, helping to build user confidence in the protection of their personal data.”

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Worldline helps businesses of all shapes and sizes to accelerate their growth journey – quickly, simply, and securely. With advanced payments technology, local expertise and solutions customised for hundreds of markets and industries, Worldline powers the growth of over one million businesses around the world. Worldline generated a 4.4 billion euros revenue in 2022.

Read Worldline’s 2022 Integrated Report

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Anders Olofsson – former Head of Payments Finastra

Banking 4.0 – „how was the experience for you”

So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?