The payment card network reportedly has launched a digital ID pilot program in Australia, aiming to develop ‘a new system to verify a person’s identity immediately, safely, and securely in both the digital and the physical world’. The goal of the pilot program is to ‘test a new way for people to prove their identity without having to carry multiple documents’. Instead, they will use owner data at the heart of the system. The general idea of the program involves not only the data that resides on a person’s smartphone or other mobile device, but also uses information from that person’s financial accounts or other sources to bypass the need for a ‘centralised identity database’.
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