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Digital Wallet

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Presentation on Digital wallet and their working
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  DIGITAL WALLET FUNCTIONALITY, CLIENT BASE, SERVER BASE  What is Digital Wallet ã A digital wallet  refers to an electronic device that allows an individual to make electronic commerce transactions. This can include purchasing items on-line with a computer or using a Smartphone to purchase something at a store.  CONTINUED…   ã  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. ã 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.  Most Commonly used Digital Wallet 1. Google Wallet ã Instead of tapping your credit card on the NFC machine at the checkout counter, all you have to do is wave your Smartphone  or tap it on the machine to make your payments. It’ll be able to identify the credit card information linked on your Google account. ã For this to work, Google Wallet requires Near Field Communication (NFC) technology available , which unfortunately is only available on certain smart phones and tablets.
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