Microsoft and Mastercard plan to work together to develop a new platform for verifying identities online that can be used across multiple services and for different purposes.
Microsoft will do more than pay researchers bounties for finding and reporting vulnerabilities in Microsoft Account and Microsoft Entra ID in its Microsoft Identity Bounty Program. The company also wants vulnerabilities in select OpenID standards.
NIST has updated their Digital Identity Guidelines, SP 800-63-3 with final security recommendations - see the new standards that many industries, including government agencies and contractors, need to follow.