RealTime IT News

eWallet Offers Easier Online Shopping

In an effort to make online shopping faster, idealab! Wednesday unveiled eWallet, an e-commerce PC program that allows purchases to be made with a single mouse click.

The eWallet program is stored on a user's PC and can be downloaded through the eWallet Web site. Compatible with existing credit and debit cards, users enter billing and shipping information in eWallet which is then encrypted and permanently stored. eWallet works on every online shopping site and is free to both shoppers and retailers.

In addition, eWallet enables users to perform queries through several shopping search engines located on the eWallet task bar. Direct links to popular shopping sites are also provided.

eWallet runs on Microsoft Windows 95 or 98 and works with Netscape Navigator/Communicator 4.0 or higher or Microsoft Internet Explorer 4.0 or higher.

"E-commerce has taken off and people are more comfortable buying on the Web every day. But it still hasn't caught on with the majority of consumers in part because of how cumbersome the purchase process is once you find what you're looking for -- most people, in fact, are so put off by all the forms they have to fill out that they actually abandon their online shopping carts once they reach the checkout screen," said Bill Gross, chief executive officer of idealab!.

"We've created eWallet to be as easy as swiping your credit card through a magnetic card reader, making checking out on the Internet even faster and easier than in the real world."