Brief of E-wallet

1. A Presentation On Electronic
Wallet
Presented By:- Pratik Joshi
Amardeep Palwade

2. Objectives
 What E-Wallets Are
 Why We “Need” E-Wallets
 Definition
 Types of electronic wallet
 Security
 Advantages and Disadvantages
 Yahoo wallet
 Examples
 The ECML Standard

3. What E-Wallets Are
 An Electronic Wallet is any device or software which
allows a user to store, manipulate, and pay with various
types of payment instruments such as electronic cash
and credit cards. They make it unnecessary to retype
credit card numbers and addresses each time a
purchase is made.
 Most E-Wallets are software programs that run on a
user’s personal computer.
 Soon they will be integrated into a variety of devices,
such as cell phones and PDAs.

4. Why We “Need” E-Wallets
 For frequent online shoppers, it becomes a
hassle to fill out order forms with the same
information on them for every item you
purchase. Wouldn’t it be nice if this information
could be handled automatically for you?

5. 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. There is no paper
work so its expenditure is almost eliminated
 A digital wallet (also known as an e-wallet)
allows users to make electronic commerce
transactions quickly and securely.

6. Types Of Electronic Wallet
Client Side electronic
wallet
Electronic wallet
Server Side
electronic wallet

7. 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.

8. Security
 Your information is protected with a password
that you choose. Then when you shop at an
Internet store the site will prompt you to select a
payment method from your wallet and to
authorize it by typing your password.
 Many newly released E-Wallets will use a new
standard called the Electronics Commerce
Modeling Language (ECML) that will work with
any web security software.

9. 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.

10. 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.

11. 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

12. 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

13.  Android Pay
 Apple Pay
 Bitcoin#Wallets
 ecoPayz
 Digital currency
 Google Wallet
 Lemon Wallet
 MasterPass
 Mondex
 nTrust
 Paypal
 Samsung Pay
 Paytm
 Freechagre
Examples

14. Thank You