Please create an account to participate in the Slashdot moderation system

 



Forgot your password?
typodupeerror
×
Australia Government

Eftpos Granted Government Accreditation as First Private ID Exchange Operator (zdnet.com) 17

Eftpos has become Australia's first accredited non-government operator of a digital identity exchange under the federal government's Trusted Digital Identity Framework (TDIF). From a report: By becoming an accredited operator, Eftpos connectID can now facilitate online transactions requiring a digital identity from Australians. Eftpos sent connectID live in June as a fully-owned subsidiary of the organisation and as a standalone fintech company. It's been set up to act as "broker" between identity service providers and merchants or government agencies that require identity verification, such as proof of age, address details, or bank account information. It has been designed to work within the federal government's Trusted Digital Identity Framework (TDIF) and the banking industry's TrustID framework. Although the Australian government has its own digital identity solution with myGovID, Eftpos has previously said its solution could provide a "smoother, faster, and more secure onboarding experience, including for government services." Eftpos has also assured that connectID does not store any identity data.
This discussion has been archived. No new comments can be posted.

Eftpos Granted Government Accreditation as First Private ID Exchange Operator

Comments Filter:
  • That is just a really poorly thought out company name.
    • That is just a really poorly thought out company name.

      At least it's not nftpos.

    • Re:Terrible name. (Score:5, Informative)

      by Adrian Harvey ( 6578 ) on Monday September 27, 2021 @03:50PM (#61838573)

      For those outside Australia and New Zealand: EFTPOS stands for Electronic Funds Transfer at Point Of Sale. It is a household name and is used to refer to paying by debit card, ‘do you want pay by eftpos or cash?’ as well as the machines themselves and debit cards. Its card transactions are considerably cheaper than those on the Visa network, driving popularity with merchants who pay the fees. It launched with swipe+PIN authorisation, putting it ahead of other countries versions which had swipe and sign (eg: UK Switch)

      Not sure how many people will be aware of the company behind it though. The name is almost a generic, and I suspect many people would have trouble parsing the sentences in the summary as eftpos so firmly refers to the machine or the process that referring to it sending something live sounds like the rise of the machines.

      • by tlhIngan ( 30335 )

        It's the same in North America. Usually it's just "debit or credit" but Interac has been trying to get their name out there. Interac is just another banking network (like C-plus and others) that banks can be a part of which in the beginning allowed you to use other bank's ATMs to access your account and withdraw cash (with an interchange fee, of course).

        The Interac network grew out of that to become the debit card network. It's basically a given nowadays that pretty much all banks and debit card networks wi

  • ... Australia's first accredited non-government operator ...

    So Verified Credentials [certsy.com], that demands your Driver's licence every time you apply for a job, isn't. Verified Credentials has access to National Police Checking Service for criminal history, Document Verification Service for confirming a driver's licence, Visa Entitlement Verification Online for immigration status.

    ... merchants or government agencies ...

    Dealings with a financial institution, phone/internet service, or the government already requires a government-issued identity. This outsourcing should eliminate sending photocopies of a licence o

  • Verified credentials have already been used for years, And the Australian Govt is making people pay / or get clipped for redundant authentication. The Australian passport office actually still insists people have to provide BDM certificates needlessly, when they already have copies. The reason is States have their own BDM registers, and they like charging people $50 for a photocopy to 'prove' it. For getting a mobile sim activated, they also have a complete list of all drivers license - and there is probabl
  • There are two differences between corporations and states. The latter have a land monopoly. And the former aren't democratic, but almost always functionally equivalent to a fascist dictatorship.

Anyone can make an omelet with eggs. The trick is to make one with none.

Working...