Mastercard says it will collaborate with Samsung to explore a better way for people to verify their digital identity on their mobile devices.<\/p>\n
People today are juggling multiple passwords and documents in an attempt to keep their identifying data and money safe. They have to repeatedly provide large amounts of personal information to numerous agents, and the more it is shared, the greater the risk. They lack control over their personal identity data and where they do have rights, there is often little transparency, Mastercard said.<\/p>\n
“Our digital and physical lives are merging and we need a digital identity solution that reflects this reality. Without control over how their data is used, people rely on outdated systems that can compromise their security. Our collaboration with Samsung advances a digital identity solution,” said Ajay Bhalla, president of cyber & intelligence at Mastercard.<\/p>\n
People will soon be able to access a digital identity capability on their devices for interactions in both the physical and digital worlds. This will provide consumers with a more efficient way to interact with businesses and service providers, whether opening a bank account, accessing e-mail and social media, video streaming or shopping online.<\/p>\n
\u201cAt Samsung, we believe consumers should be in complete control of the privacy and security of their personal identity and we\u2019re excited to work with Mastercard to bring the first digital identity solution to Samsung smartphones,\u201d said Yongje Kim, EVP and head of service business office at Samsung Electronics Mobile Division.<\/p>\n