As it continues to scale its digital identity service globally, Mastercard has applied for accreditation under the Australian Government’s Trusted Digital Identity Framework (TDIF).
The TDIF sets standards, rules and guidelines for digital identity providers and is based on international best practice and industry standards.
Mastercard and DTA to collaborate
Mastercard will collaborate with the Digital Transformation Agency (DTA) to explore how its technology could be used to enable more Australians to verify their age and identity digitally.
Mastercard will work with the DTA to derive insights from pilots led by the private sector and observe impacts on retailer and consumer experiences and expectations online with the TDIF.
“Australians are increasingly expecting no disruptions between their online and physical lives, and identity is an area that must keep pace with those expectations.”
“Pilots have the potential to make it easier to use these verified identities securely, everywhere they travel,” said Richard Wormald, Division President, Australasia at Mastercard.
Mastercard’s digital identity service, ID, facilitates the provision of an end-to-end solution to help clients in creating, managing and verifying identities digitally.
While its data and privacy framework aligns to the TDIF and other standards, Mastercard is seeking to accredit under TDIF as an exchange, identity provider and credential provider.
Mastercard seeks TDIF accreditation
In seeking accreditation for three roles, Mastercard aims to partner with more local organisations to provide a seamless, secure, and convenient identity verification solution that:
- Enables consumers to create a high-quality and reusable digital identity using official identity documents, such as passports and/or driving licenses
- Protects digital identity data using the latest technology like encryption and biometrics to keep users in control of their data and ensure that only they can access and use it
- Seamlessly connect and integrate with other digital identity providers, orchestrating the sharing of verified identity data with organisations in IDs highly secure, global network
“Connecting with trusted third-party digital identity platforms is key to scaling digital identity more broadly. Without interoperability, it’s very hard to build beyond local deployments.”
“Mastercard continues to collaborate with like-minded organisations to offer new ways to verify their identity without having to hand over any physical documents or information.”
Mastercard has been scaling its digital identity service in Australia since 2019. The company has previously partnered with Optus, Deakin University, Australia Post, Samsung and Microsoft.
Mastercard continues to roll out ID in other industries across Australia over the next months.
Built using Mastercard’s best-in-class security technology and data privacy practices, ID uses data encryption and facial biometric authentication to keep user information secure.
Mastercard’s ID allows each person to choose the specific information they want to provide, while keeping individuals in full control of where and when to share it.