eftpos sets digital ID solution connectID live – Finance – Strategy – Software

Maria J. Danford

eftpos has flicked the swap on its connectID digital identification alternative, which will run as an impartial fintech and totally-owned eftpos subsidiary.

The new services will help eftpos to act as the middleman between identification suppliers, numerous merchants and federal government departments to verify identification.

The Australian-produced electronic payments service provider worked with Canadian-dependent identification and authentication firm SecureKey to acquire the technological know-how.

eftpos CEO Stephen Benton stated with connectID now dwell, the concentration will change to growing the vary of partnerships and purposes.

“For the connectID organization to continue to keep advancing and growing, it wants to continue to keep running like a nimble FinTech at an operational degree to go after its intention of building a countrywide identification infrastructure for all Australians,” Benton stated.

“connectID is collaboratively doing work with governments, organizations, online merchants, banking institutions and other identification suppliers with a watch to constructing identification into our countrywide payments infrastructure, as properly as other commercial purposes for all Australians and Australian organizations.”

eftpos most not long ago partnered with Retail Beverages Australia to demo ConnectID for age verification when purchasing alcoholic beverages.

The firm started testing the electronic alternative mid-very last 12 months, with AusPost piloting the services alongside the postal services’ individual Electronic iD authorisation.

By November an state-of-the-art pilot was being led by the Queensland federal government to hook up organisations necessitating recognize verifications.

eftpos has also utilized to turn into the initial non-federal government accredited operator of a electronic identification exchange in Australia.

Eftpos designed the services to function inside the Federal Government’s Reliable Electronic Id Framework (TDIF) and the monetary industry’s TrustID framework.

eftpos entrepreneur in home Rob Allen, who has been major the connectID initiative from the start off, stated there is a will need to create a dependable recognize infrastructure.

“In Australia there is a real will need to facilitate identification verification procedures to support lessen the cases of fraud and identification theft, and increase ‘digital trust’ between customers and sellers,” Allen stated.

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