a presentation on electronic wallet

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

Client Side electronic wallet

Electronic wallet

Server Side electronic wallet

Types Of Electronic Wallet

Server Side Electronic Wallet A server side electronic wallet stores a customer

information on the remote server belonging to a particular merchant or wallet publisher

Client 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 Disadvantages

Advantages 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 Disadvantages

Disadvantages 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 Standards Development 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

Thank You