A Credential Holder makes a Claim that the password for a specific Digital Identity has a specific value. Or a Credential Holder may just supply that they Authenticated the Digital Identity to some specific Level Of Assurance
Authentication is the process of the Verification of a Credential
Credential may be as subtle as a Website associating an IP Address with a cookie. Although this Credential may have a very low Level Of Assurance, it is a method of Authentication and an Identification which separates this specific Entity from the Anonymity Set.
Credential is evidence of an entity’s claimed Identification.
Within the United States federal government a Personal Identity Verification (PIV) is a credential.
Credential regardless what type, associate an identity with an entity (typically via an identifier) and identify the Organizational Entity that issued the Credential:
Some Credential indicate authorizations granted to the entity by the issuing Organizational Entity. For example, a Driver License includes the authorization to drive a car.
Unlike identities, Credential generally expire. If an identity continues past the expiration date of the Credential, a new credential is issued:
A Credential that is lost or compromised before it expires may be revoked by the organization that issued it. Credentials can incorporate something you know (such as a password or PIN), something you have (such as a card), or something you are (such as a fingerprint or iris). Some credentials incorporate more than one option, and are referred to as two-factor or three-factor or multi-factor.
As with Identity Proofing, Credentials have different Level Of Assurance depending on the strength required. The Credential for accessing your bank account is likely stronger than the credential for accessing your health club.
We assume this would be similar to the adding of a Payment Card to a Digital Wallet.
NIST.SP.800-157 is titled "Guidelines for Derived Personal Identity Verification (PIV) Credentials".
The Electronic Authentication Guideline, NIST.SP.800-63, defines a derived credential more broadly as: A credential issued based on Proof-of-Possession and control of a claim associated with a previously issued credential, so as not to duplicate the Identity Proofing process.