Hi
Yes ACS 5.3 supports EAP-FAST TLS.
The EAP Flexible Authentication via Secured Tunnel (EAP-FAST) protocol is a new, publicly accessible IEEE 802.1x EAP type that Cisco developed to support customers that cannot enforce a strong password policy and want to deploy an 802.1x EAP type that does not require digital certificates.
EAP-FAST supports a variety of user and password database types, password change and expiration, and is flexible, easy to deploy, and easy to manage.
EAP-FAST is a client-server security architecture that encrypts EAP transactions with a TLS tunnel. While similar to PEAP in this respect, it differs significantly in that EAP-FAST tunnel establishment is based on strong secrets that are unique to users.
These secrets are called Protected Access Credentials (PACs), which ACS generates by using a master key known only to ACS. Because handshakes based on shared secrets are intrinsically faster than handshakes based on PKI, EAP-FAST is the fastest of the advanced EAP protocols (including EAP-TLS and PEAP) that establish a TLS connection to encrypt the traffic between the supplicant and ACS. No certificate management is required to implement EAP-FAST.
For more information regarding EAP-FAST-TLS, please visit the given link:
http://www.cisco.com/en/US/docs/net_mgmt/cisco_secure_access_control_system/5.3/user/guide/eap_pap_phase.html