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

There is no excuse for not taking cards

So we went to the pub. For lunch. Seven of us. Say £20 per head. £100+ quid. Say £50 quid gross for the pub. Colleague goes to order food and drinks and pay at the bar. Apologetic barmaid comes over to explain that their “card machine” is down, so she can only accept cash. Under normal circumstances I would have simply walked out, feeling it wholly inappropriate to reward such a poorly managed establishment and, as a functioning actor in a capitalist economy, done my duty to depress their lunchtime takings. Here’s what we wanted to say: This is absurd. This is 2016 not 1916. Your card machine is down? Well, so what! Are you seriously telling me that mein host has no mobile phone number capable of registering for PingIt or PayM? That none of the staff or the pub itself have a PayPal account that I can send the money to? That neither the owners nor managers not contingency planners thought to tuck an iZettle behind the bar to use when the clunky and expensive GPRS terminal fails for o...