Eftpos has become the first accredited non-government operator of a digital identity exchange under the federal government’s Trusted Digital Identity Framework (TDIF). By becoming an accredited operator, Eftpos connectID can now facilitate online transactions requiring a digital identity from Australians. Eftpos sent connectID live in June as a fully-owned subsidiary of the organisation and as a standalone fintech company. It’s been set up to act as “broker” between identity service providers and merchants or government agencies that require identity verification, such as proof of age, address details, or bank account information. It has been designed to work within the federal government’s Trusted Digital Identity Framework (TDIF) and the banking industry’s TrustID framework. Although the Australian government has its own digital identity solution with myGovID , Eftpos has previously said its solution could provide a “smoother, faster, and more secure onboarding experience, including for government services”. Eftpos has also assured that connectID does not store any identity data. “A safe, thriving digital economy is the best way we can grow the Australian economy. A safe, thriving digital economy is not possible without digital identity — that is, a safe, secure, and convenient way for Australians to prove their identity online,” Minister… Read full this story
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