Security News > 2021 > June > Visa invests in LoginID to accelerate FIDO-certified biometric authentication

LoginID announced additional investment from Visa on the heels of its $6M seed round from veteran payment and fintech entrepreneurs.

Visa recognizes that strong authentication solutions from companies like LoginID help promote its vision to improve integrity around payments - both reducing fraud and helping merchants meet global regulatory and compliance demands.

LoginID provides a wide range of APIs and SDKs which give companies the ability to easily integrate FIDO-certified authentication to any website, application or e-commerce, or banking brand in as little as 15 minutes.

"Visa recognizes its role in promoting a secure payment experience for consumers and a frictionless transaction processing for merchants," said Simon Law, CEO of LoginID. "Together, we are helping companies integrate and scale strong authentication at low cost, while ensuring compliance with PSD2 and GDPR regulations."

"Visa has earned the trust of consumers, financial institutions and merchants over the past sixty years to become the world leader in digital payments by integrating payment innovation with security," said Melissa McSherry, Senior Vice President, Global Data, Security and Identity Products at Visa.

"Biometric technologies offer greater convenience and stronger security, and are the gold standard for online authentication. Visa's investment and continued partnership with LoginID will help deliver innovative solutions that will improve convenience and payment security."

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