Term · 27. Emerging Categories 2024-2026
Digital Wallet
Definition
A digital wallet is a software-based service that stores payment instruments or other digital assets and enables users to initiate electronic transactions in online or proximity environments. In an identity context, a digital wallet may also store digital credentials or identifiers and present them to relying parties under user control. Digital wallets can be implemented on user devices, in the cloud, or as a combination of both, with varying security and privacy properties.
Related terms
-
Authenticated Identity
Authenticated identity is a party or user identity that has been verified by an authentication process and can therefore …
-
Federated Identity
Federated identity is an identity arrangement in which a user’s authentication and related identity attributes are provi …
-
IAL (IAL)
NIST SP 800-63A Identity Assurance Level — measures the robustness of identity proofing. IAL1: self-asserted identity (n …
-
Identity as a Service (IDaaS)
Identity as a Service (IDaaS) — cloud-based delivery model for IAM functions (SSO, MFA, directory, lifecycle management, …
-
Identity Provider (IdP)
System that authenticates users and issues identity assertions (SAML responses, OIDC ID tokens) to relying parties. Cent …
-
Relying Party (RP)
Application or service that depends on an Identity Provider to authenticate users and provide identity assertions. In SA …