...
Actors: 1) Authoritative Parties – Operators of Registries containing Personally Identifying Information (PII) linked to publicly discoverable account identifiers supplied by an accredited registrar on behalf of registrants who have enrolled in highest level of privacy protection for financial account identifiers.
2) Financial institutions are accredited as Identity Attribute Providers \ [Note 1\] upon their acceptance of liability for the binding of PII to ePayment Address(es). FIs trust and stand behind their own KYC \own KYC [Note 2\] process. Wiki Markup
Note | ||||
---|---|---|---|---|
| ||||
A full solution will need to specify the trust framework and attribute query protocol, define the supported attributes and stand up the technology to support queries for the defined attributes via the specified protocol. |
...
3) The Authoritative Party is a custodian of the registrant data and is responsible for maintaining the accuracy and timely updating of data on behalf of all accredited Identity Providers.unmigrated-wiki-markup
4) Both the Authoritative Party and the Identity Providers share in transaction-based service fee revenue paid by relying parties. \ [Note 3\]
Note | ||||
---|---|---|---|---|
| ||||
This model presupposes that the Authoritative Party registry is not co-located with the FI Identity Provider. Both components come into play when a user authorizes his/her FI to publish PII to the registry. The user will need to be informed about which PII attributes are being published to the registry. |
...
3) User selects a unique identifier that one can always be remember when one wishes to receive electronic payments from friends or strangers.
4) Registry affirms that requested unique identifier is indeed unique. If not, user re-submits the request. \ [Note 4\] Wiki Markup
Note | ||||
---|---|---|---|---|
| ||||
|
...