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LoginID Announces Investment from Visa to Accelerate FIDO-certified Strong Customer Authentication LoginID provides simple APIs and SDKs for enterprises to integrate FIDO-certified biometric authentication in as little as 15 minutes, helping reduce e-commerce fraud SAN MATEO, Calif., June 1, 2021 /PRNewswire/ LoginID, a FIDO-certified authentication provider, today announced additional investment from Visa on the heels of its $6M seed round from veteran payment and fintech entrepreneurs. The investment amount from Visa is undisclosed. Customers are readily accepting the use of biometrics to make payments and other transactions in a secure and convenient way. According to an April 2021 pymnts.com report, 18 billion payment transactions will be verified using biometrics in 2021. 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 regula

Melissa-mcsherry
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Simon-law
Visa
Senior-vice-president
Global-data
Identity-products
Loginid
Nnounces
Investment
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Lisa