FIDO (Fast ID Online) is an open standard for a secure and easy-to-use universal authentication interface created to address the lack of interoperability among strong authentication devices. It is supported by many companies including Google, Intel, MasterCard, Microsoft, PayPal, RSA, Samsung, Synaptics, Visa and American Express.
The specs aim to develop a standardised ecosystem of products and services for two-factor and biometric authentication and, ultimately, eliminate the password.
Update 23/12/2015 - Google are now trialling login without password:
http://www.theverge.com/2015/12/22/10649396/google-login-without-password-mobile-security
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