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
New rules for the EU's single market will make it easier to live and do business anywhere in Europe.
more »
MEPs were disappointed that the Commission's EU budget review document had not sought the radical revision that the EU needs, they told Budgets Commissioner Janusz Lewandowski in a Policy Challenges Committee debate on Thursday.
more »
On 25 October, the Commission adopted the decision to financially support the 2011 electoral process in the Central African Republic.
more »
New EU framework for crisis management in the financial sector for managing problems before they spiral out of control.
more »
The financial crisis laid bare the limits of self-regulation, demonstrating the need for strong EU economic governance, surveillance and policy co-ordination, say two non-legislative resolutions voted by Parliament on Wednesday.
more »
The European Commission has approved an application from Germany for assistance from the European Globalisation adjustment Fund (EGF).
more »
Global and EU- level taxes on financial sector would help to fund international challenges such as development or climate change and fix the fallout from the global economic crisis.
more »
The European Investment Bank and African Development Bank today agreed to provide EUR 45m to design, build and operate onshore wind farms on four islands in the Cape Verde archipelago.
more »
MEPs want future EU budgets to accommodate new policy priorities as well as negotiations on new sources of financing.
more »
The European Parliament's Budgets Committee on Monday backed EU funding for 3,731 workers in Portugal, the Netherlands, Spain and Denmark who were made redundant due to the closure of their companies.
more »