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"Electronic Wallets are Secure"

Introduction

The idea for paying for goods and services electronically is not a new one. The search for more efficient ways of doing business is now driving another revolution in the conduct of business and in our concept of money. This revolution is known as electronic commerce, which is the symbiotic integration of communications, data management, and security capabilities to allow business applications within different organizations to automatically exchange information related to the sale of goods and services. With the advent of the electronic age the concept of value was transferred to plastic cards with a magnetic stripe which securely carried personal account information. These cards are referred to as electronic or digital wallets. Many challenge how secure electronic wallets can be versus cash payments. This paper will attempt to present to you how the technology involved in electronic "digital wallet" transactions can be more......

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Approximate Word Count: 1147
Approximate Pages: 5 (250 words per double-spaced page)

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