A set of technologies that stores your credit card information on your hard drive in an encrypted form, enabling you to make purchases at web sites which support the technology without re-entering your credit card information each time.
This is a payment scheme that stores your credit card numbers on your hard drive in an encrypted form. You can then make purchases at Web sites that support that particular electronic wallet. When you go to a participating online store, you click a Pay button to initiate a credit card payment via a secure transaction enabled by the electronic wallet company's server.
Software that can store (or retrieve) electronic cash and certificates.
a pocket-sized device with one or two card readers and its own electronic purse, a keyboard, and a screen
a smart card with a microprocessor on it
A software application that creates an electronic version of a wallet where customers can store their credit card information for purchases conducted on the Internet. The wallet reduces the number of cumbersome forms customers fill out to make electronic purchases. The most popular forms of wallet use a standard (most commonly ECML) for merchant field data collection and the transfer of details needed for electronic purchases.
See also: CLICK2PAY. An encrypted storage medium holding credit card and other financial information that can be used to complete electronic transactions (eCommerce payments/online purchases) without re-entering the stored data (payment and shipping details) at the time of the transaction. It is quick, simple and considerably less expensive for merchants than traditional credit card payments.
Software, residing as a plug-in in the Web browser, that enables a cardholder to conduct online transactions, manage payment receipts and store digital certificates. Like your real wallet, your digital wallet stores your credit card number and shipping details. This wallet initiates the data encryption in a SET transaction.
Also called a virtual wallet, a software mechanism that allows commerce server users to store and use credit card and electronic payment information. Typically, information in the wallet is encrypted and is persistent from session to session. Currently the Payment Gateways that are integrated with ecBuilder do not support the use of Electronic Wallets
Software that stores information about a cardholders cards. Usually supplied by the issuers and appended to the cardholders web browser
Rather than supplying your credit card number every time you want to make an online purchase, electronic wallets allow you to store your credit card information in an encrypted form and access it from your hard drive when you buy something. Also See: Digital Cash
