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digital wallet
Last modified: Friday, August 03, 2001 

(1) 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.

(2) Digital Wallet, a registered trademark of Minds@Work, is a self-powered portable hard drive used for storing digital camera images.

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For internet.com pages about digital wallet . Also check out the following links!

Related Links

Inside Electronic Commerce Modeling Language
An article from internet.com's Ecommerce Guide from 1999.

Pictures in Your Pocket: The Minds@Work Digital Wallet
An in-depth look at this solution to the memory dilemma faced by digital photographers everywhere.

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related categories

Electronic Commerce

Encryption

Software

related terms

digital signature

ECML

electronic commerce

SASL

SSL

UDDI


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