Definitions for "Digital Wallet"
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.
See wallet.
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