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

eftpos has flicked the switch on its connectID digital id alternative, which will run as an impartial fintech and fully-owned eftpos subsidiary.

The new service will help eftpos to act as the middleman in between id providers, many retailers and government departments to verify id.

The Australian-made electronic payments service provider worked with Canadian-based mostly id and authentication company SecureKey to acquire the engineering.

eftpos CEO Stephen Benton stated with connectID now stay, the concentrate will change to growing the assortment of partnerships and apps.

“For the connectID enterprise to hold advancing and rising, it needs to hold working like a nimble FinTech at an operational level to go after its goal of producing a nationwide id infrastructure for all Australians,” Benton stated.

“connectID is collaboratively doing the job with governments, companies, on-line retailers, financial institutions and other id providers with a view to making id into our nationwide payments infrastructure, as perfectly as other commercial apps for all Australians and Australian companies.”

eftpos most recently partnered with Retail Drinks Australia to demo ConnectID for age verification when paying for alcohol.

The company started screening the digital alternative mid-last year, with AusPost piloting the service together with the postal services’ possess Electronic iD authorisation.

By November an highly developed pilot was being led by the Queensland government to hook up organisations requiring identify verifications.

eftpos has also used to develop into the very first non-government accredited operator of a digital id trade in Australia.

Eftpos made the service to operate within the Federal Government’s Dependable Electronic Id Framework (TDIF) and the financial industry’s TrustID framework.

eftpos entrepreneur in home Rob Allen, who has been major the connectID initiative from the start out, stated there is a have to have to build a reliable identify infrastructure.

“In Australia there is a serious have to have to aid id verification strategies to help minimize the situations of fraud and id theft, and increase ‘digital trust’ in between prospects and sellers,” Allen stated.