2. The main objective of e-Wallet is to make
paperless money transaction easier.
The main idea behind this paper is to bring
in a cheaper, more versatile and much more
easily usable kind of a card.
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3. An Electronic Wallet is any device or software
which allows a user to store, manipulate, and
pay with various types of payment instruments
such as electronic cash and credit cards. They
make it unnecessary to retype credit card
numbers and addresses each time a purchase is
made.
Most E-Wallets are software programs that run
on a user’s personal computer.
Soon they will be integrated into a variety of
devices, such as cell phones and PDAs.
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4. There are many different companies offering E-
Wallets. Although each one is a little different,
they all perform the same basic tasks.
The following companies offer software:
Gator
eWallet
Qpass
BuyWiz
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5. The easier your site is for customers
to purchase items, the more they will
buy
Buyers don’t have to type in
repetitive information.
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6. Some eWallets only work with certain
browsers.
What happens if your disk crashes?
Some say this service rarely works
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And what about security???????
7. Your information is protected with a password
that you choose. Then when you shop at an
Internet store the site will prompt you to select
a payment method from your wallet and to
authorize it by typing your password.
Many newly released E-Wallets will use a new
standard called the Electronics Commerce
Modeling Language (ECML) that will work
with any web security software.
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