Mastercard has joined Australia Post and the Australian Taxation Office as the third credential supplier to receive accreditation under the federal government’s digital identification scheme.
On Tuesday, the world’s largest issuer of credit cards said that it has received certification from the government’s trusted digital identification framework (TDIF) as a credential provider and an identity proofing level 1+ provider.
In comparison to other private sector organisations covered by the framework, Mastercard’s digital identity service, ID, is now accredited for three of the four functions supported by the TDIF.
The national federated identity concept is supported by TDIF, a set of regulations and guidelines that includes criteria for accrediting public and commercial sector organisations.
To be accredited, a company must adhere to rigid privacy, security, risk management, and usability standards.
Since introducing ID in Australia in 2019, Mastercard has collaborated to roll out the service alongside Optus, Deakin University, Australia Post, Samsung, and Microsoft.
The ID pilot programme expanded outside sales and customer support channels in August 2021 when the telco introduced a testing of the service through the My Optus app.
“Digital identity has the ability to significantly enhance the user experience, as well as give organisations additional peace of mind when it comes to onboarding new customers and managing existing ones,” Sathi continued.
The ability for people to construct a single identity that can be used with partners in Mastercard’s ID network, anywhere in the globe, is another benefit of its potential. The aim is to get there.