Abstract: System and methods for token based identity verification and consent management are provided. In one embodiment, a method for identity (ID) verification and consent management for on-behalf-of transactions comprises: receiving an authorization request for a principal user from a first user equipment (UE); generating a consent token for the principal user based on authentication information in the authorization request; adding the consent token to an authenticated user queue, wherein the authenticated user queue associates the consent token to the principal user; receiving a message from a second UE indicating a selection of the principal user; and initiate sending of the consent token from the authenticated user queue to the first UE in response to the selection. In some embodiments, the consent token indicates a permission level granted to the agent user for accessing a data profile associated with the principal user.