LoginID, a FIDO-certified authentication provider, has announced additional investment from Visa on the heels of its $6M seed round from payment and fintech entrepreneurs. The investment amount from Visa is undisclosed.
“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,” added 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.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.