Event Recording
A Key Milestone towards CBDC Wallets - The eIDAS 2.0 Payment-Authorising Wallets
Click here to watch the recording of this session. You'll need to log in to watch it.
The presentation to be made by Stéphane Mouy (SGM Consulting - France) and Michael Adams (Quali-Sign - UK) will focus on the forthcoming eIDAS 2.0 digital identity wallets (DIWs) and the payment use case. DIWs will allow users to share high LoA identity and status credentials to various relying parties, including financial institutions, as well as meet applicable strong customer authentication requirements for payments.
The payment use case is of critical importance to eIDAS 2.0 digital identity wallets and promises to be transformational for EU payment service providers as it offers a level-playing field for payment means, whether account-to-account or card based. DIWs are also likely to play a key role for the deployment of CBDCs supporting offline interactions with embedded AML/CFT verifications.
The presentation will draw on the work of the eWallet Network presented in the Developing a digital identity solution for use by the financial sector based around eIDAS trust services report published by the EU commission in October 2021 and authored by Stéphane Mouy. It will include a live presentation of an eIDAS 2.0/ISO 23220-1 digital identity wallet offering online/offline connectivity that can be used in a variety of contexts, including for payment authorisation purposes.
The session should be of interest to anyone interested in eIDAS 2.0 developments for digital identities as well as its regulatory implications for the financial sector but also to digital payment experts. A specific focus will be made on the offline connectivity requirement for DIWs that has clear technology implications.
