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 World Bank is seeing a surge in demand from borrowers seeking the Bank’s expertise to mitigate currency and interest rate risk.
more »
The European Commission has approved under EU state aid rules a Lithuanian package intended to stabilise the markets as a response to the global financial crisis.
more »
Total cereal production in 2010 should be close to the average from the last five years. While the yield per hectare will be 5% above average, overall cultivated areas have decreased.
more »
According to the unaudited data, AB Bank SNORAS profit prior to provisions and tax exemption within the first half of this year comprised LTL 51 million, the bank formed almost LTL 48 million provisions.
more »
The European Commission today approved two applications from Denmark for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Investment Bank today signed two loans for a total amount of EUR 150 million in support of small and medium-sized enterprises (SMEs) in Turkey.
more »
On 23 July 2010 the Board of the Bank of Lithuania permitted Bank SNORAS to register a change to the articles of association related to the increase of the authorized capital of the bank by LTL 82.3 million up to LTL 494,217,107.
more »
Heads of State and top officials from the Central American Integration System and World Bank Group President, Robert B. Zoellick, agreed to join efforts towards regional cooperation and integration and adopted a comprehensive agenda that includes an action plan with more than 20 specific measures.
more »
The Executive Board of the International Monetary Fund (IMF) today approved the full cancellation of Haiti’s outstanding liabilities to the Fund, of about SDR 178 million (equivalent to US$268 million).
more »
The Executive Board of the International Monetary Fund (IMF) today completed the third review of Latvia's performance under an economic program supported by a Stand-By Arrangement (SBA).
more »