Web payment service

Web payment service definition - computer

A facility that manages the transfer of funds from a customer to the merchant of an e-commerce Web site. The money may come from a digital wallet inside the user's machine, from a credit card stored on a server of the digital wallet service or from a prepaid account stored in the payment service's server. See PayPal, Brodia, CyberCash, e-cash, eCharge, InternetCash, iPIN, Qpass, Windows Live ID, WISP and 1ClickCharge.



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