eWallet signed
agreements
with online retailers Beyond.com and Presents.com in which consumers will
receive $10 off of their first purchase using eWallet.
eWallet is a program that provides automatic user information to a shopping
Web site. Consumers enter their billing and shipping information in their
eWallet just
once and when they encounter a checkout screen at an e-commerce site, they
simply click on their wallet, enter their PIN and drag the credit card of
choice over to the
form. All of the credit card and shipping information is entered
automatically. eWallet is designed to work at every e-commerce site on the
Web.
The company also said that more than 100,000 consumers have downloaded the
eWallet program since its launch about three weeks ago.
“We are enormously gratified at the consumer reaction to eWallet,” said Bill
Gross, CEO. “When we get this kind of response, we know that we’ve tapped into
a huge need to deal with one of the largest barriers to shopping on the
Internet–filling out credit card and shipping information every time you
visit a new e-commerce site. We’re currently seeing nearly 15,000 people a day
downloading eWallet.”
eWallet is available for free by downloading it from www.ewallet.com.
eWallet is stored securely on a user’s PC, eliminating the need to go to a
special Web site each time a consumer wants to use it. It is also
compatible with all existing credit and debit cards, the company says.
eWallet is the latest business to spawn from idealab!, an Internet business
incubator. Founded in March 1996 by entrepreneur Bill Gross, idealab!
currently has more than 20 businesses including CitySearch, GoTo.com and
eToys.