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.
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.
On-Demand Webinar – Ekata, a Mastercard Company
