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eftpos Awarded Private Digital ID Exchange Operator Accreditation

Australia
Uncategorized
FinTech, Regulatory & Government, Technology

(05 October 2021 – Australia) eftpos “ConnectID” has been announced as the first Australian non-government accredited operator of a digital identity exchange.

Federal Employment Minister Stuart Robert announced eftpos’s accreditation under the trusted digital identity framework (TDIF) as the federal government prepares to introduce legislation to expand the scheme.

connectID links identity providers and “relying parties” in a similar method employed by Services Australia, the sole accredited exchange operator until now. Accreditation requires an organisation to meet strict requirements around privacy, security, risk management and useability.

The solution can be used to verify a person’s identity for proof of age, address, bank account and many other key identifiers. TDIF is a series of policies and standards that underpin the government’s national federated identity model, including the accreditation of government agencies and private sector organisations.

Australia Post and OCR Labs are also yet to commence operation within the identity system after also earning accreditation. MasterCard is also seeking to apply its ID verification model for age verification after applying for accreditation under TDIF for its digital identity service called “ID”, which the group has been developing in Australia since 2019.

“I congratulate eftpos for being the first private identity exchange to be accredited under the TDIF. eftpos has demonstrated that connectID is trustworthy, safe and secure and has met strict usability and accessibility requirements. eftpos’ connectID is not currently seeking to operate as part of the government’s digital identity system” Minister Robert said in a statement.

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