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
The financial and economic crisis has shown that reckless behaviour of banks and other financial institutions can have serious and costly consequences for Europe's economy and its people.
more »
Local services that create jobs and improve energy efficiency received a boost Thursday (2 September) when MEPs on the Industry, Research and Energy Committee approved plans for more investment.
more »
The European Commission approved the first financing decisions under the EUR 264 million 2010 allocation for the so-called Vulnerability FLEX mechanism to help the most vulnerable African, Caribbean and Pacific countries cope with the impact of the global financial crisis and economic downturn.
more »
The European Commission has today updated the list of airlines banned in the European Union to impose an operating ban on one air carrier from Ghana and to place operating restrictions on another air carrier from that country.
more »
The European Commission today approved an application from Denmark for assistance under the European Globalisation adjustment Fund (EGF).
more »
Algirdas Šemeta, EU Commissioner for Taxation, Customs Union, Anti-Fraud and Audit, will open tomorrow an international conference at the Shanghai World Expo 2010 on building bridges to facilitate trade between China and the EU.
more »
Moldova is set to receive an EU grant of up to €90 million to help it through the financial crisis, following a vote at Parliament's Committee on International Trade on Monday.
more »
Important notice: since May 2010 business surveys data are classified in accordance with an updated version of the Nomenclature of Economic Activities (NACE rev. 2) causing a potential break in series at this date.
more »
75% of Europeans think that stronger coordination of economic and financial policies among EU Member States would be effective in fighting the economic crisis, according to the Spring 2010 Eurobarometer, the bi-annual opinion poll organised by the EU.
more »
The European Commission has extended until the end of the year the liquidity support scheme for banks in Slovenia.
more »