Skip to main content

The future of digital identity verification will be as simple as saying 'Hi, it's me' | City A.M.

Ajay Bhalla is chief enterprise security solutions officer for Mastercard. He leads the team that develops product solutions to ensure safety and security for consumers, merchants, partners and governments in their global network. (He serves on the company's management committee.) So when he talks about digital identity, he is worth listening to.

"What we need instead is a verified identity that is accepted globally and across multiple digital touchpoints."

From "The future of digital identity verification will be as simple as saying 'Hi, it's me' | City A.M.".

Ajay is right about this, as you might expect. But I disagree that we need “a verified identity”. What we need, of course, are “verified identities” that we can choose from on a per transaction basis.

To illustrate the point, an anecdote. I was reading Ajay’s article.

Comments

Popular posts from this blog

Euro area card payments double in a decade

xxx "The number of card payments in the euro area have more than doubled in a decade as consumers increasingly dispense with the hassle of carrying notes and coins, according to the latest statistics from the European Central Bank. In 2018, card payments accounted for almost half of the total number of non-cash payments across the single-currency area. Credit transfers and direct debits were the second and third most common non-cash payment methods, accounting for approximately 23% each, while e-money and cheques together made up around seven percent. However, the relative popularity of each type of payment service still varies widely across euro area countries. In 2018 card payments accounted for just over 70% of all non‑cash payments in Portugal, compared with around 23% in Germany. The stats show that the number of card payments made by consumers and businesses has more than doubled in the last decade, with an average of 121 card payments per capita in 2018, compared with