Australia’s TDIF Expands Digital Identity Exchange Accreditation Scheme

Eftpos (electronic funds transfer at the point of sale) has become the first accredited non-government operator of a digital identity exchange under the Australian federal government's Trusted Digital Identity Framework (TDIF).

By becoming an accredited operator, Eftpos’ ‘connectID’ can now facilitate online transactions requiring a digital identity from Australians.

Eftpos went live with connectID in June as a fully-owned subsidiary of the organisation and as a standalone fintech company. It has 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 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’.