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Optus, Mastercard and the race for digital identity
Optus and Mastercard talk through their latest efforts to shore up digital identity services
In the race to make interactions digital, one aspect of transacting has remained stubbornly troublesome – identity.
The need for people to prove who they say they are – and for service providers to believe them – is a problem that has been tackled by a myriad of companies using a wide range of technologies.
Identification has been a particularly troublesome challenge for the payments industry, given the expensive cost of getting it wrong. But now Mastercard is seeking to use its experience in identity verification to help other service providers ensure they are dealing with the individuals they believe they are dealing with.