AP+ announces the passage of the Digital ID Bill

Friday 29 March 2024 09:56 CET | News

Australian Payments Plus (AP+), a provider of digital identity solutions via ConnectID, has announced and welcomed the passage by the Senate of the Digital ID Bill. 

As per the information detailed in the press release, AP+ issued a statement on the passage of the Digital ID Bill in the Australian Senate, with the bill passing without debate. The bill, which was introduced with the Digital ID (Transitional and Consequential Provisions) Bill 2023, established an accreditation scheme for entities offering digital ID services, while also expanding the Australian Government Digital ID System.

Australia Payments Plus (AP+), a provider of digital identity solutions via ConnectID, has announced and welcomed the passage by the Senate of the Digital ID Bill.

Additionally, the Digital ID bill includes privacy safeguards and a suite of governance arrangements, such as establishing the Australian Competition and Consumer Commission as the Digital ID Regulator and increasing the role of the Information Commissioner to regulate privacy protections for digital IDs. Initially, the Senate introduced and read the bill at the end of November 2023, with it agreeing and passing it on 27 March 2024. The bill is set to be introduced to the House of Representatives in the next sitting period.

Australian Payments Plus’ view of the Digital ID Bill

According to AP+’ officials, the reforms represent a further step in Australia’s journey towards a more secure and inclusive digital future. Also, through ConnectID, businesses can benefit from knowing that their customers’ identities are verified by a trusted source and consumers can be assured they are sharing less data. By introducing a secure, unified digital identity framework, Australia can develop a more efficient and secure digital ecosystem, in which businesses can expand their operations, and consumers can navigate the digital landscape conveniently and confidently.

Furthermore, the digital identity framework is set to provide additional opportunities for productivity, as well as increased security for individuals’ data. Considering that Australia is currently advancing its digital transformation, AP+ and ConnectID aim to take part in this journey by utilising the capabilities of the digital identity system to provide increased functionality and security for consumers and businesses in Australia. As a digital identity solution, ConnectID focuses on facilitating data exchange, enabling businesses to verify their customers’ identity securely.

Australian Payments Plus’ previous announcements

By providing payment services which are intended to be resilient, safe, efficient, and cost-effective, AP+ aims to meet the present and future requirements of the users of the Australian payments system, including financial institutions and payment service providers. The company also plans to facilitate the provision of low-cost solutions for retailers, other businesses, and their customers.

At the beginning of October 2023, AP+ announced the launch of ConnectID for Australia’s businesses and consumers, in a bid to minimise fraud and identity theft. The company developed the solution to enable individuals to securely verify their identity to third parties without requiring them to repeatedly share data about themselves.

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Keywords: digital identity, identity verification, identity fraud, identity method, fraud prevention
Categories: Fraud & Financial Crime
Companies: Australian Payments Plus, ConnectID
Countries: Australia
This article is part of category

Fraud & Financial Crime

Australian Payments Plus



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