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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: 3, Funny) by captain normal on Tuesday December 17 2019, @09:26PM
Well duh...why do you think it's called "Master Card".
Everyone is entitled to his own opinion, but not to his own facts"- --Daniel Patrick Moynihan--