In the emerging economy there is a new infrastructure, based on the internet, that is causing us to scrutinies most of our assumptions about the business. As a skin of networks - growing in ubiquity, robustness, bandwidth, and function - covers the skin of the planet, new models of how wealth is created are emerging.

Wednesday, January 6, 2021

E-Wallet: Software program for electronic transaction

Many wallets today are cluttered with several cards, cash and more. The electronic wallet (e-Wallet) will provide all of the functions of today’s wallet on one convenient smart card eliminating the need for several cards.

E-wallet is a program or web service that allows users to store and control their transaction history, logins, passwords, and shipping address and credit card details, in one central place, and to retrieve these details quickly and securely for future purposes (e.g. online shopping), thus bridging the inconvenience experienced by users.

E-Wallet offers secure enrollment of the user (application download, identity check) and secure provisioning of credentials (e.g., user ID and password for wallet access). It also offers the ability for the user to securely provision and store customer-identity information (e.g., email address), payment information (e.g., credit card data), and shipping address details. The user can preselect a payment method within the wallet application to execute commerce transactions (i.e., pay merchants online, in-app, or in-store).

Electronic wallets being very useful for frequent online shoppers are commercially available for pocket, palm-sized, handheld, and desktop PCs. They offer a secure, convenient, and portable tool for online shopping.
E-Wallet: Software program for electronic transaction
at 9:43 PM
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