A Presentation On Electronic Wallet Presented By:-Group C
Objectives Definition Types of electronic wallet Advantages and Disadvantages Microsoft .NET Passport Yahoo wallet W3C Micropayment Standards Development Activity The ECML Standard
Definition Hold credit card numbers, electronic cash, owner identification, and contact information. Give consumers the benefit of entering their information just once. Make shopping more efficient. A digital wallet (also known as an e-wallet) allows users to make electronic commerce transactions quickly and securely.
Types Of Electronic Wallet Electronic wallet Client Side Server Side electronic wallet electronic wallet
Types Of Electronic WalletServer Side Electronic Wallet A server side electronic wallet stores a customer information on the remote server belonging to a particular merchant or wallet publisherClient Side Electronic Wallet A client side electronic wallet stores customer information on his/her own computer. Many of the early electronic wallet were client side wallet that require users to download the wallet software.
Advantages and DisadvantagesAdvantages The e-wallet makes online shopping easier because it fills in the fields in an online order form automatically, saving you the trouble of doing it yourself. This is also a great advantage for online merchants, because customers sometimes abandon online purchases if they feel that the order form is too confusing or frustrating. The e-wallet can overcome this phenomenon by automating the completion process.
Advantages and DisadvantagesDisadvantages If you try to use the e-wallet with an online order form whose blank fields are in a different order from those in your e- wallet, or if the form has fields that the e-wallet does not recognize, the form may be left incomplete or be completed incorrectly. This would force you to erase all the fields and enter your personal information manually, defeating the purpose of the e- wallet.
Microsoft .NET Passport An electronic wallet operated by Microsoft Passport consists of four integrated services: Passport single sign-in service (SSI) Passport Wallet service Kids Passport service Public profiles
Yahoo wallet Server side electronic wallet offered by Yahoo! Lets users store information about several major credit and charge cards Many industry observers and privacy rights activist groups are concerned about electronic wallets
W3C Micropayment StandardsDevelopment Activity Common Markup for Micropayment Per-Fee-Links Standards developed by W3C Electronic Commerce Interest Group (ECIG) Provide extensible and interoperable way to embed micropayment information in a Web page Extensible system One that developers can add to (or extend) without voiding any earlier work on the system
The ECML Standard Electronic Commerce Modeling Language is a protocol that dictates how online retailers structure and setup their checkout forms Proposed alternative standard that would replace electronic wallet standards with a single standard