Digital Wallet and Technology

Digital Wallet

The Pearlvine Mynt system provides you a Fully Functional Digital Wallet. Pearlvine’s high end system secures your wallet, and allows you to keep an eye on your transactions and your account balance, all you need to enter is your OTP (One Time Password) before spending PV Mynts and fund. This provides protection from wallet-stealing viruses, trojans as well as a sanity check before sending payments. This digital wallet refers to an electronic device that allows a user to make electronic commerce transactions. In Future this can include purchasing items online with a computer or using a smartphone to purchase something at a store. An individual’s bank account can also be linked to the digital wallet. They might also have their driver’s license, health card, loyalty card(s) and other ID documents stored on the phone. The credentials can be passed to a merchant’s terminal wirelessly via near field communication (NFC). Increasingly, digital wallets are being made not just for basic financial transactions but also to authenticate the holder’s credentials.

Technology

This digital wallet has both a software and an information component. The software provides security and encryption for the personal information and for the actual transaction. Typically digital wallets are stored on the client side and are easily self-maintained and fully compatible with most e-commerce websites. A server-side digital wallet, also known as an e-wallet, is one that an organization creates for and about you and maintains on its servers. Server-side digital wallets are gaining popularity among major retailers due to the security, efficiency, and various added utilities. It provides to the end-user, which increases their satisfaction of their overall purchase. The information component is basically a database of user-input information. This information consists of your shipping address, billing address, payment methods (including credit card numbers, expiry dates, and security numbers), and some other information.