Mastercard gains TDIF accreditation

  • By Zilla Efrat

The Trusted Digital Identity Framework (TDIF) has accredited Mastercard as an identity provider for three out of four of its digital identity roles: identity proofing level 1+, identity exchange and credential provider.

This makes Mastercard the first private sector organisation to be accredited for more than two roles since the TDIF’s inception.

The government’s TDIF sets the standards, rules and guidelines for digital identity providers based on international best practice and industry standards.

Once accredited, providers need to continually prove they meet their TDIF obligations by undergoing annual assessments.

According to Mastercard, accreditation shows that its digital identity service, ID, is trusted, safe and built to the standards set by the government. It will also help Mastercard partner with local businesses to provide seamless, secure, and convenient identity verification in Australia.

Accreditation for identity proofing levels up to 1+ means users will need only an email address or mobile phone number to prove their identity.

For some services, they may also need an acceptable identity document, which includes full name and date of birth.

“As many parts of the world begin to return to a sense of normality, with reopening of omnichannel retail and borders, the need for more effective and streamlined identity verification has never been so important,” says Mallika Sathi, head of cyber and intelligence solutions and digital identity, Australasia, Mastercard.

“Australia is leading the way when it comes to this step change, and Mastercard is excited to continue its collaboration with the public and private sector to build a national identity ecosystem where citizens have trust and confidence that their personal information is safe and secure.”

Mastercard’s ID offers a highly secure end-to-end solution for creating, managing, and verifying identities digitally. Using data encryption and biometric authentication to protect personal identity information, it keeps consumers in control of their data, enabling them to choose what information to provide, to which organisations, and when.

Mastercard says it has been scaling ID in Australia since 2019. It has announced pilots with Deakin University and Australia Post and global partnerships with Samsung and Microsoft. Over the past 12 months, Mastercard partnered with Optus to roll out a pilot across sales and customer support channels.

Mastercard will continue to roll out ID in other industries across Australia over the coming months.

Identity providers can create, maintain or manage information about a person’s identity and offer identity-based services.

Identity exchanges convey, manage and coordinate the flow of identity attributes and assertions between members (identity providers, credential providers, attribute providers and relying parties) of an identity federation.

Credential providers can generate, bind and distribute credentials to individuals or can bind and manage credentials generated by individuals.

“Digital identity not only has the potential to vastly improve the consumer experience, but also provide organisations with additional peace of mind when it comes to customer onboarding and relationship management,” says Sathi.

“What’s more, its potential is global in scale – enabling citizens to create one identity that can be used with partners in Mastercard’s ID network, anywhere in the world. That is the end goal.”