Digital Wallets are software-based solutions designed to enable seamless ecommerce and other banking transactions, where an individual’s bank account is linked to a virtual wallet enabling transactions through various mobile interfaces. The two major components of a digital wallet are the software application and the information storage. The software application is what carries out the actual transaction keeping the security and encryption in the forefront. This is mostly universally compatible with ecommerce websites that hold the client's end. The information storage is a database that contains the user information that includes the billing and shipping addresses along with the payment methods.
Digital Wallet solutions enhance integration with telecommunications infrastructure and financial institutions with unified protocols. It also monitors settlements of the user accounts with external and internal agencies with the help of regularly created and updated banking files.
The Top 5 Ways Publishers Can Be Successful in the Digital World
White Paper By: Iptor Supply Chain Systems
In the publishing industry, the rise of technology has extended beyond publishers simply digitizing content for those readers who prefer ebooks or online learning systems to print—forcing businesses to adapt their processes and products to accommodate new customer demand. In this new age, technology has allowed for many of these processes to be streamlined or automated, allowing for...
Business Process Modeling and Digital Transformation
White Paper By: Signavio
An enterprise-wide process modeling is the most agile way to conduct a successful digital transformation as it requires a top-down examination of the performance, quality and sustainability. Digital transformation is an essential step in the evolution of many businesses today. Process modeling has grown from creating a diagram or report figure that explains a business problem to a...
Product Authentication In The Digital Age
White Paper By: i-Sprint Innovations
Product Authentication technologies are essential in the digital age to all genuine products and packaging. The proliferation of e-Commerce has forced manufacturers to look beyond traditional brick-and-mortar stores for cost-effective means to product's authenticity or select further product information. Digital solutions for product authentication do not require any additional...
Online Reviews: Are they helping or hurting your business?
White Paper By: Retailer Web Services
Online reviews are essential for the reputation of local businesses. When a company provides a service or a product, the customer is either satisfied or dissatisfied. In the digital world today, customers often take their experience straight to the web. Online business reviews will no longer be a source of embarrassment or anxiety—they’ll be an incredible asset to your...
Effective Audio For Video Conferencing
White Paper By: Clear One
For the success of any audio conference, the quality of the voice transmission line is crucial. Voice quality in a video conference is impacted by the acoustics of at least two rooms – the caller and the listener. Today, most audio conferencing endpoint products (speakers, microphones, and audio mixing controls) are full-duplex systems, providing the same kind of interaction one gets...
Advanced Beamforming Microphone Array Technology For Corporate Conferencing Systems
White Paper By: Clear One
Beamforming is a signal processing technique carried out by a processor using input from the beamforming microphone array. Advanced beamforming techniques employ interference patterns to change the directionality of the array, so that information collected from the various microphones can be combined to give preference to the expected acoustic patterns. With good design and engineering,...