U.S. Bancorp, others team with Visa on new Internet service.
Published:
5 December 1999 y., Sunday
U.S. Bancorp and eight other banks have signed up with Visa to offer so-called digital wallets to online shoppers looking to save time at virtual checkout counters.
A digital wallet electronically stores customer credit card data, digital receipts, user I.D.s, passwords and shipping addresses. It securely transmits the data to online merchants with one click of a mouse and can even notify users of merchant specials.
The free service is designed to speed up Internet purchasing. Without it, customers must type and submit pages of electronic data to each online merchant.
Banks issue the digital wallets, store customer wallet data on bank servers and issue customers wallet passwords and user IDs. To access their digital wallet, customers log on through their bank_s Web site and select the appropriate credit card icon and the data they wish to transmit to a vendor.
Visa tested the service for six months before launching it this week. U.S. Bancorp officials said their customers can tap the service early next year. Other bank participants include Bank One, Capital One and Providian Financial_s Aria.com.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
In Gothenburg Sweden a deal is done for Volvo. A delegation from China’s Zhejiang Geely Holding Group, China’s largest private-run car maker, was given the red carpet treatment when it agreed to buy Ford Motor’s Volvo car unit for 1.8 billion dollars.
more »
The President of the Spanish Government and current rotational President of the European Union, José Luis Rodríguez Zapatero, affirmed this Sunday that during his presidency of the EU, Spain will continue to support the inclusion of the "complete affirmation of equality between men and women" within the new economic strategy.
more »
Despite the unfavorable macroeconomic situation, AS UniCredit Bank Lithuanian Branch achieved positive activity indicators in 2009: the bank branch operated profitably, the total loan portfolio and assets increased and the number of customers grew.
more »
Young people, economic recovery and research should be the EU's top budgetary priorities, said the European Parliament on Thursday, when it became the first EU institution to adopt an opinion on next year's budget.
more »
The sixteen leaders of the euro area countries (the Eurogroup) have given their support to the financial aid mechanism for Greece; this involves the participation of the International Monetary Fund (IMF) and of the euro area countries through bilateral loans.
more »
Today, President of the European Commission José Manuel Barroso, President of the European Council Herman Van Rompuy and Spanish Prime Minister José Luis Rodriguez Zapatero representing the Presidency of the Council met the European social partners to look at how Europe can exit the current economic and financial crisis.
more »
Around 1,100 former furniture and textile workers in Lithuania will receive EU aid worth €1.2 million following a vote by Parliament on Thursday.
more »
An estimated 100 million people in developing countries will fall into extreme poverty because of the economic and financial crisis, according to a report being presented Wednesday evening in the House.
more »
The Heads of State or Government of the EU-27 will make their first formal decisions in the process to develop the “Europe 2020” strategy that aims to achieve sustainable economic growth, job creation as well as recognition for the European social model.
more »
On 16 March 2010 the Lithuanian Authority, Ryšių reguliavimo tarnyba (RRT), informed the European Commission that it was withdrawing its proposed measure on network infrastructure access markets.
more »