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Software Industry News

June 23, 2015

MIDAS Alliance formed to resolve security issues and promote authentication innovation

Various companies in the security industry have collaborated to establish the MIDAS (Mobile Identity Authentication Standard) Alliance, in an effort to resolve potential issues caused by the European Central Bank’s (ECB) SecuRe Pay guidelines. The European Central Bank (ECB) is pushing for greater security standards in the form of the SecuRe Pay guidelines, which will go into effect in August. Most current mobile wallets will not meet the security standards for online and in-store payments across Europe. The alliance’s main