A digital token downloaded and stored on a PC used by a consumer during Internet shopping. Using the token during a buying process initiates a customer profile download (credit card information, the shipping and billing addresses, etc) into the purchase form as well as creating a record of information about the transaction. For consumers, the initial value proposition behind the wallet is to make it ease of transaction by putting an end to filling out forms. Advanced uses of the wallet include storing shopper preferences, alerting the consumer to special offers, alerting the consumer to better pricing for an item at another site, alerting the consumer his car is in need of an oil change, etc.
an application or service that assists consumers in conducting online transactions by allowing them to store billing, shipping, payment, and preference information and to use this information to automatically complete merchant interactions
a piece of software that resides on a user's computer and is capable of storing and dispensing electronic money
a software component that allows a user to make an electronic payment with a financial instrument (such as a credit card or a digital coin), and hides the low-level details of executing the payment protocol that is used to make the payment
A digital wallet is a small software program (either on a personal computer, on a personal digital assistant (PDA), or on a server) that stores personal purchasing-related data.
software that stores a user's personal information (credit card number, shipping information, etc.) so that it can be recalled instantly when they want to make an online purchase.
An encrypted electronic file that holds information that can speed up online purchase transactions, such as electronic payment, billing, and shipping information.
Software that provides the equivalent of a wallet for electronic commerce. A digital wallet, or e-wallet, holds digital money that you purchase similar to travelers' checks. A wallet may also hold your credit card information along with a digital certificate that identifies you as the authorized cardholder.
Encryption software that conducts secure transactions online in a fashion that resembles using a physical wallet.
Secure encrypted envelope that seals personal information including bank accounts, credit card numbers, expiration dates, shipping and billing addresses, and digital identification.
A consumer account set up to allow e-commerce transactions through a particular credit card processing system. Before the consumer can make a purchase, he or she must first establish an account with the credit card processor, who provides an ID and password. These can then be used to make purchases at any Web site that supports that transaction system. CyberCash's "Digital Coin" system is an example of a digital wallet system.
Encryption software that works like a physical wallet during electronic commerce transactions. A wallet can hold a user's payment information, a digital certificate to identify the user, and shipping information to speed transactions. The consumer benefits because his or her information is encrypted against piracy and because some wallets will automatically input shipping information at the merchant's site and will give the consumer the option of paying by digital cash or check. Merchants benefit by receiving protection against fraud. Most wallets reside on the user's PC, but recent versions, called "thin" wallets, are placed on the credit card issuer's server. Netscape and Microsoft now support wallet technology on their browsers.
Software that stays resident on the hard drive of an online shopper. When they are ready to make a purchase, the "wallet" pops open to reveal payment options. Some "wallets" hold credit cards with encrypted information. Other "wallets" hold digital coins. a consumer account set up to allow e-commerce transactions through a particular credit card processing system. Before the consumer can make a purchase, he or she must first establish an account with the credit card processor, who provides an ID and password. These can then be used to make purchases at any web site that supports that transaction system. Also See: Digital Cash, Smart Cards, Digital Signature, Digital Coins, Digital Certificate, and SSL
A digital wallet (also known as an e-wallet) allows users to make electronic commerce transactions quickly and securely.