A Digital Wallet – A Method of Commuting and Communicating

A wallet is essentially a tiny application used for online shopping transactions. In fact, it can hold hundreds of cards and is accessed like an electronic wallet. Most payment processing service companies, including Cyber Case, offer free wallet software which allows the user to define a number of payment options within the wallet (such as a number of credit cards). However, there is more to a good wallet than just a selection of credit cards and a few checkbooks. The wallet needs to act like a communication tool between you and your wallet. In other words, it should provide a means of browsing through the available items in your wallet while at the same time transmitting payments in a secure manner from your account to the relevant card or bank.

Wallets can be considered as mini applications in themselves. For example, consider the benefits of a digital wallet over paper wallets. Digital Wallets can store a large number of purchases and transactions and can be synched between multiple devices (such as cell phones and PDAs). The ease of viewing all of the stored information while traveling makes them very convenient and beneficial. With digital wallets, a single photo identification of the user is transmitted from the digital wallet to the processing company, and the transaction is complete.

Apple Pay is one of the simplest and most effective examples of digital wallets. It is extremely simple to use. In order to add new cards, one has to click on the “Card Management” icon on the main menu. One can then enter in the security questions and select the desired card to add. In a few seconds, one can walk out with cash or other cards stored securely in digital wallets purchased from Apple.