A multi-country consortium of Europe’s most trusted identity experts, of which iProov is a key member, has been chosen to deliver a cross-border payments pilot, in line with the aims of the European Commission’s EU digital identity wallet program.
In September 2022, it was announced that the six countries involved (Denmark, Germany, Iceland, Italy, Latvia and Norway) would be part of the consortium, led by NOBID (Nordic-Baltic eID Project), to bring to life the most widely used of the European Union’s priority use cases for the wallet – payments.
Today, it has been announced that the NOBID Consortium will be one of four EU digital identity pilots, and will receive funding from the EU Commission’s DIGITAL Programme to commence the pilot from March 2023. The consortium will now go into a contracting and grant negotiation process with the EU Commission.
The consortium’s proposal focuses on payments, one of the top priority use cases in the EU’s digital ID wallet vision. Its implementation will leverage existing payment infrastructure to enable payment issuance, instant payments, account-to-account transfers and payment acceptance both in-store and online.
“iProov is delighted that the NOBID consortium has been awarded funding and chosen to proceed with the pilot,” said Andrew Bud, founder and CEO of iProov. “This project will prove biometric-enabled Verifiable Credentials can address the emerging challenges of the increasingly complex world of payments.”
The project has unrivalled support from leaders in banking and payments, including DSGV in Germany, DNB and BankID in Norway, Nets in Denmark, Intesa Sanpaolo, PagoPA and ABILab in Italy and Greiðsluveitan in Iceland. In addition to iProov, technology , Poste Italiane, Intesi Group, InfoCert, FBK and Latvian State Radio and Television Centre. Merchants that will be testing out the payment solution include Elkjøp in Norway and REWE-group in Germany.
iProov’s patented face biometric verification and authentication technology is used by organizations globally to confirm that an online user is the right person, a real person, and that they are authenticating right now. Its Genuine Presence Assurance and Liveness Assurance technologies deliver an effortless user experience with the highest levels of security to help prevent fraud, identity theft, and other cybercrime during online onboarding, authentication, and identity recovery.