Mastercard applies for accreditation under the Trusted Digital Identity Framework (TDIF) in AustraliaSeptember 27, 2021 | Sydney
Mastercard and the Australian Government’s Digital Transformation Agency will also explore how ID, Mastercard’s digital identity service, can support age verification in Australia
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 will also 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. As part of the collaboration, Mastercard will work with the DTA to derive insights from a series of pilots led by the private sector, observing impacts on retailers’ and consumers’ experiences and expectations online when implementing 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. Public-private pilots have the potential to make it easier to use these verified identities securely, everywhere they travel,” said Richard Wormald, Division President, Australasia, Mastercard.
ID, Mastercard’s digital identity service, provides an end-to-end solution to creating, managing, and verifying identities digitally. While its global data and privacy framework already aligns to the TDIF and other global digital identity standards, Mastercard is seeking to accredit under TDIF as an exchange, identity provider and credential provider.
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 security technology such as encryption and facial biometrics – keeping users in complete control of their data and ensuring that only they can access and use it.
- Can 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,” adds Wormald. “This is why Mastercard continues to collaborate with like-minded organisations, giving citizens new ways to verify their identity without having to hand over any physical documents or surplus information.”
Mastercard has been scaling its digital identity service in Australia since 2019. The company has previously announced partnerships with Optus, Deakin University and Australia Post, Samsung and Microsoft. Mastercard will continue to roll out ID in other industries across Australia over the coming 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. It 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.
Please visit https://idservice.com/ to learn more about Mastercard’s vision for digital identity.
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About Mastercard (NYSE: MA), www.mastercard.com
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere, by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realise their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
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