Key Points:
- Alias Lookup Component: Streamlines payment transactions using user-friendly aliases instead of lengthy account numbers for enhanced user convenience.
- Fraud and Risk Management Component: Provides additional support to intermediaries in detecting and preventing fraudulent transactions, bolstering security measures.
- App and SDK Components: Includes a digital euro app and SDK to assist intermediaries in offering digital euro services through their own mobile apps and online interfaces.
The European Central Bank (ECB) has released five calls for applications to establish framework agreements with potential providers of components and services related to the digital euro.
The ECB is currently not committing to initiating specific development work outlined in the applications. The objective of this selection process is to form framework agreements with the most suitable external providers, ensuring readiness for digital euro development if deemed necessary in the future. The decision to issue a digital euro will only be made once the European Union’s legislative process concludes.
The framework agreements resulting from this process specifically pertain to certain digital euro-related services. Components like payment settlement would be internally sourced from within the Eurosystem.
The calls for applications target the following digital euro components:
- Alias Lookup Component: Streamlines payment transactions using user-friendly aliases instead of lengthy account numbers for enhanced user convenience.
- Alias Lookup Component: Facilitates payment transactions using user-friendly aliases instead of lengthy account numbers.
- Fraud and Risk Management Component: Provides additional support for intermediaries in detecting fraudulent transactions.
- App and SDK Components: Include a digital euro app and SDK to aid intermediaries in offering digital euro services through their own mobile apps and online interfaces.
- Offline Services Component: Offers engineering and development services to create an offline bearer payment instrument.
- Secure Exchange of Payment Information Component: Supports the secure conversion of transactional and sensitive information upon intermediary request.