Mastercard, Samsung Electronics offer digital identity commitment

Wednesday 22 May 2019 00:19 CET | News

Mastercard has announced it will collaborate with Samsung to explore and deliver a way for people to securely verify their digital identity on their mobile devices.

People have to sometimes provide large amounts of personal information to numerous agents, and the more it is shared, the greater the risk. As they lack control over their personal identity data and as there is often little transparency, Mastercard representatives believe that without control over how their data is used, people rely on outdated systems that can compromise their security. As such, the collaboration with Samsung aims to offer a digital identity solution that is bound to a trusted device – the mobile phone.

The partnership with Samsung builds on Mastercard’s commitment to facilitate how people manage and use their digital identity. It also follows the publication of the company’s model for digital identity in a connected world, which is founded on user-centric principles. These principles include data ownership, confidentiality, consent, and transparency. They embody privacy-by-design, and do not collect identity data.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: MasterCard, digital identity, commitment, Samsung Electronics, partnership, collaboration, digital ID, mobile devices, personal information, personal identity, control, transparency, security, user centric principles, data ownership, confidentiality
Countries: World