Governance & Risk Management , Identity & Access Management , Identity Governance & Administration

Why Is Mastercard Working on Digital ID Assurance?

Sarah Clark Discusses Card Payment Network's Expanded Mission
Sarah Clark, SVP, digital identity, Mastercard

Sarah Clark of Mastercard discusses why the card payment network is expanding its focus to include digital identity assurance.

See Also: Rapid Digitization and Risk: A Roundtable Preview

Many of the attributes of running a payment network are also applicable to managing digital identities, she says.

“The concept of interoperability, being able to reuse a digital ID and having your data protected and preserved are all guiding principles in our payments business, and we're applying that to the identity business,” Clark says. “So, we certainly see a huge global need. Identity assurance helps businesses; it helps individuals. Being able to weave together a network that's more effective, allowing us to seamlessly share our identities, we see as helping everybody.”

In a video interview with Information Security Media Group, Clark discusses:

  • Whether identity is the new money;
  • Key initiatives in building interoperable global identity standards;
  • Growth plans for Mastercard as a provider of digital identity assurance.

Clark, who has over 20 years of experience as a product leader, is senior vice president of digital identity at Mastercard. She formerly worked at Mitek, where she led the identity verification business.


About the Author

Nick Holland

Nick Holland

Director, Banking and Payments

Holland, an experienced security analyst, has spent the last decade focusing on the intersection of digital banking, payments and security technologies. He has spoken at a variety of conferences and events, including Mobile World Congress, Money2020, Next Bank and SXSW, and has been quoted by The Wall Street Journal, CNN Money, MSNBC, NPR, Forbes, Fortune, BusinessWeek, Time Magazine, The Economist and the Financial Times. He holds an MSc degree in information systems management from the University of Stirling, Scotland.




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