EMVCo Unveils Draft Framework for Verifiable Digital Credentials in Card Payments

EMVCo has introduced a draft framework aimed at facilitating the use of verifiable digital credentials within the global card payments infrastructure. This move seeks to establish a standardized method for integrating digital identity data into transaction flows, enhancing security and user privacy. For the digital identity and verification market, this represents a pivotal alignment between traditional payment standards and emerging decentralized identity technologies.