When you wish to make a purchase the credit card you want to use is choosen and a password entered to release the information. The idea is to create a smooth and easy shopping experience on the web. Consumers would not have to enter and re-enter all the information everytime they wanted to buy something. Some e-wallets even allow for pictures to be stored in them, much like a real wallet. This idea is very new to the Internet consumer.
Most consumers feel that it is just as easy to pull out their credit cards and type the number in.
Early experiements with Microsoft and CyberCash wallets failed. Emerging XML is expected to futher advance the adoption of e-wallets. Currently, most sites don't deal with wallets.