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from the what-could-possibly-go-wrong? dept.
Mastercard tests new digital identity service - Help Net Security
Mastercard marked the first tests of a new digital service that has the potential to verify a person's identity immediately, safely and securely in both the digital and the physical world.
[...]The pilot program will test a new way for people to prove their identity without having to carry multiple documents. Instead, the model allows the data to sit with its rightful owner – the user.
It will activate a distributed model that blends information stored on an individual's mobile device and verified by additional reference points, such as an individual's bank or participating government agencies . It eliminates the need for a centralized identity database.
Mastercard's consumer-centric approach was outlined in a Principles of Digital Identity vision paper earlier this year and prioritizes privacy-by-design.
[...]Following these initial efforts, additional partnerships and pilots will be introduced across a number of markets throughout 2020.
(Score: 0) by Anonymous Coward on Tuesday December 17 2019, @04:59PM
Fscking Antique iPad dropped part of an edit, that should have read...
'.. so will the responsibility for any losses caused by any breach in the security of your mobile device, real, or as claimed by MasterCard '