Under Australia’s Trusted Digital Identity Framework, Mastercard has received accreditation as an identity exchange (TDIF).
Vice President of Digital Identity Matt Bourne announced the accreditation on LinkedIn.
In September 2021, the credit provider submitted an accreditation application for its ID digital identity service.
Its uses included acting as a TDIF-recognized exchange, identity provider, and credential provider. Also disclosed was the partnership with the Digital Transformation Agency to use ID to verify age.
We are happy to say that after receiving confirmation of our accreditation as an identity exchange earlier this month, we have now successfully secured the first of three roles we applied for. Bourne composed.
Since ID was designed with interoperability in mind, Mastercard’s digital identification solution might link up existing identity providers with other businesses in the Mastercard global ID network, with verification being made possible through our highly secure network.
“This is a significant turning point in Australia’s digital identification journey.”
It was discovered that Mastercard and Australia Post established an ID cooperation in late 2019. Optus, Deakin University, Samsung, and Microsoft are some additional partners.
The national federated identity model used by the federal government is supported by TDIF, which combines standards and policy.
Mastercard’s identity exchange service has been accredited if it satisfies the requirements for privacy, security, risk management, and usability.
