digital wallet


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Related to digital wallet: Digital cash

digital wallet

(1) A smartphone app for making financial transactions in a retail store. See smartphone wallet, Bitcoin wallet and mobile payments service.

(2) A desktop app for making credit card purchases online. It eliminates entering shipping, billing and credit card data when a purchase is made at a website. The data either reside in the cloud or are encrypted in the user's computer, and the wallet's digital certificate identifies the cardholder. A digital wallet may also store insurance and loyalty cards, drivers' licenses, ID cards and site passwords. Some wallet apps let users enter additional data.

Merchant Wallets
In order to make ordering painless, large e-commerce sites such as Amazon.com have for years provided their own digital wallets by storing their customers' credit card data on their own servers.

The Wallet Renaissance
In the early days of the Web, people were skeptical about entering credit card data, and the electronic wallet was conceived to promote a secure e-commerce environment. Although millions submit their card data online without a wallet today, mobile payments may cause nearly everyone to have a digital wallet in the future (see smartphone wallet). See mobile payments service, Web payments service, eWallet, identity metasystem, information card, digital coins and Bitcoin wallet.


Automatic Fill-in-the-Forms
This earlier digital wallet saved the user's name, address and credit card data. When placing an order online, it filled in the forms. (Image courtesy of EntryPoint, Inc.)







An eWallet Card
Available for many years on all popular platforms, Ilium Software's eWallet stores all pertinent information for each credit card entered by the user. See eWallet. (Image courtesy of Ilium Software, Inc., www.iliumsoft.com)
References in periodicals archive ?
Figures show that the use of digital wallets is waning in India following the introduction of Unified Payments Interface (UPI).
With the launch of e-Khalti, a digital wallet platform Unelma Platforms has positioned itself in the fin-tech industry revolution.
BitWallet's digital wallet service enables users to buy and sell cryptocurrencies, and purchase goods and services.
For example, a digital wallet can be used to transmit realtime
This case demonstrates the increasingly common intersection between cyber and violent crime-the defendant is charged with coordinating an elaborate kidnapping, armed robbery, and burglary to gain access to the victim's digital wallet and the significant funds it contained.
A digital wallet is a one-window operation process on your palm
We asked consumers what they want in a mobile digital wallet, [and] the top thing that they said was coupons, discounts, special offers, that type of thing," he adds.
Digital wallet adoption is low, awareness has lagged, and people have questions about its security.
Emirates Digital Wallet paves the way for cashless spending, transfer and storage of money for everyone living and working in the UAE.
The establishment of Emirates Digital Wallet LLC, a company owned by 16 shareholding banks and fully sponsored by the UAE Banks Federation ( UBF), has reached its final development stage.
According to Upasana Taku, founder and CEO, Mobikwik, it is better to opt for the digital wallet of the brand you are buying from to get customised offers for their products, and to get smooth service.
A digital wallet is an application that can allow consumers to tap and pay using their phone and can store other information, such as loyalty or membership cards.