Mastercard, microsoft partner on identity verification

6 de diciembre, 2018

Tiempo estimado de lectura: 2 minutos

Mastercard and Microsoft are partnering on an initiative to streamline identity verification for payments, according to Finextra

The firms — which also recently partnered on a business-to-business (B2B) payments platform — haven’t announced in-depth details about what they’re developing.

However, they have said that the service will be powered by Microsoft Azure, Microsoft’s cloud computing platform, and that a universally-recognized digital identity could be helpful with establishing a new bank account, loan, or payment service account. The objective of the partnership is seemingly to kill off passwords and streamline the process of digital identity verification, which can be a tedious process, and create a more secure way for people to verify themselves. Digital identity verification is meant to reduce friction, but the number of solutions that exist is making it harder for consumers to use a single solution across their services. Therefore, Mastercard and Microsoft will need to integrate their solution with as many partners as possible so consumers can use it across multiple platforms.

Fuente: Business Insider

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