DIGITAL WALLET

Table of Contents
Introduction
History
Evolution
Characteristics
Components
Examples
Setup and Use
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ECML
Statistics
Importance
Advantages
Disadvantages
Applications
Co-operating Companies
Future Challenges
Conclusion
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INTRODUCTION

Portable storage device

A fund of digital cash

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Known as Physical Wallet

Small electronic packages

Also known as E-Wallet

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EVOLUTION
Digital wallets first emerged in the
mid-1990s.
Another impediment was Customer
Awareness.
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In 2000,the results of survey of online

merchants was released.
Later on the ECML was conceived as
a mechanism to incorporate digital
wallet technology from any vendor.

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CHARACTERISTICS
Symmetric
Extensible

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 Generalized or Non-WebCentric

Client-Driven

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COMPONENTS
1.

The Instrument Manager

2.

The Protocol Manager

3.

The Wallet Controller

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ARCHITECTURE

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4.The User Interface

5.The Communication Manager

6. The User Profile Manager

7.The Client API

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Examples
Gators
e-wallet or
e-wallet
Yahoo!
wallet
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E-WALLET
The electronic
equivalent of a
wallet for
e-commerce
transactions.

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FEATURES
OF
E-WALLET
i.
ii.
iii.

Secure
Flexible
Portable
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STEPS OF USING
E- WALLET
Four steps are1)Decide on an online
shop website.
2)Download the wallet
form from the website
and fill out the personal
information.

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3) Fill out the infor-mation as to where

customers want
merchandise to be
shipped.
4)When the customers
are ready to buy , just
click the e-wallet button
to execute the process.
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Ex-The Instrument
Manager
The states areState 0: Active State.

State 2: Verify Signature State.

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Prototype Specification

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State 3:Process Card Info State.

State 4: Protocol Preference State.

State 5: Available Instruments State.

State 6: Balance Return State.

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Setup And Use

At client side it requires minimal

setup & is relatively easy to use.
Once the s/w is installed , user
begins by entering information
after that the digital wallet is set
up.
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ECML
Is a universal format for online
commerce Web sites.
It allows fast and secure online
payments.
Is a protocol that dictates how online
retailers structure and setup their
checkout forms.

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STATISTICS

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ADVANTAGES
For e-commerce sites.
It allows easy money transactions in
real-time.

It stores the security verification

questions that you need to know.
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It shortens and simplifies the process

of repeatedly filling out detailed
information.
New IBM consumer wallet for web
shoppers.
Biometric wallet added security.
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DISADVANTAGES
Users must download the wallet form,
software and browser also on which the
wallet will install.

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IMPORTANCE
I.

Ease E-business.

II.

Supporting Cash Transactions.

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APPLICATIONS
Support secure P2P mobile cash
transactions.
Graphics can also be apply in it.
It automatically suck all photos to the
hard disk.
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Co-Operating Companies
IBM
Microsoft
Cyber cash
America online

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FUTURE CHALLENGES
The key challenges areMass Market Appeal
Stake Holder Dynamics
Compelling user experience
Microsoft try to create a wallet that
will allow payment companies to plug in
their payment systems.

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AOL planning to Un-evil digital

wallet by Christmas time.

Apple preparing iphone as a digital

wallet.

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CONCLUSION
In todays fast moving
world,this approach &
innovativeness in wallet
making would provide
some help to people
while shopping,travelling,
as it is very easy to use.

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