digital wallet

Definitions

Banking

  • noun a piece of personalised software on the hard drive of a user’s computer that contains, in coded form, such items as credit card information, digital cash, a digital identity certificate, and standardised shipping information, and can be used when paying for a transaction electronically.

Computing

  • noun a feature of web browsers that contains a unique personal digital signature and allows the user to pay for goods at online shops in many different ways, including credit card or digital cash

Electronics

  • encryption software which serves to provide the virtual equivalent of a wallet. In it, may be contained digital cash, credit card information, shipping details, and a digital certificate for authentication of the wallet holder. Both merchants and customers benefit from the added security, expedience, and convenience. Also called virtual wallet, or electronic wallet.
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