Mastercard Wades Into Murky Waters With Its New Digital ID
- The idea of a secure, decentralized, universal ID has become a sort of holy grail in the age of rapid digital interactions and rampant identity fraud.
- The ID would be set up through a bank or other participating institution that already holds identity information about the individual.
- “It’s a consumer-centric model for digital identity that gives consumers control,” says Ajay Bhalla, president of cyber and intelligence solutions at Mastercard.
- Plus, even if Mastercard’s system is robust, it will need buy-in from institutions around the world to truly become a useful form of ID.
Read full article: wired.com