Late last year Mastercard announced its idea for a universal digital ID. We have a bit more information on that.
Mastercard envisions a platform in which consumers have control of their identity information and it is stored locally on their devices, rather than in a centralized system that Mastercard would need to defend. The ID would be set up through a bank or other participating institution that already holds identity information about the individual. And people would manage their enrollment and interact with their universal ID through that institution’s secure mobile app.
Check It Out: More Details on Mastercard’s Universal Digital ID
