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The E-purse holds value that can be used like cash to pay fare.
They note that it could store money, making it what they call an e-purse.
The system also calculates transfers for a two-hour window for those paying with the E-purse.
If an E-purse or regional pass was used to pay fare, transfers are allowed on any bus or rail system in the region.
Examples of autoloads are adding value to an E-purse when its balance falls below a certain amount and recurring purchases of monthly passes.
It takes between 24-48 hours for an online credit to apply to an E-purse, whether you do it directly via the web page or call customer service.
Employees can apply the E-voucher funds to the purchase of a monthly pass or the funds can be converted to an E-purse.
The card uses RFID technology to handle payment from either passes, vouchers, or the E-purse, a stored value debit account.
An ORCA card can be used as a stored-value card through a function called the electronic purse (E-purse).
The fare supplement may be paid using a cash fare instead of stored value on the Presto Card e-Purse; in which case a paper pass will be issued.
ORCA card users paying with an E-purse can set their zone preference for King County Metro and Sound Transit services where zone-based fares are used.
One of the original goals of EMV was to allow for multiple applications to be held on a card: for a credit and debit card application or an e-purse.
The payment card industry (PCI) denotes the debit, credit, prepaid, e-purse, ATM, and POS cards and associated businesses.
"Companion fares" - using stored value on the Presto Card e-Purse to pay fares for two or more passengers; paper transfers will be issued for all passengers other than the cardholder.
Legislation authorizing "Third Generation e-Purse" (stored value limit US$300) was passed in March 2010, allowing smartcard payments for low-value non-transportation items, like Hong Kong's Octopus Card.
The Presto card, which is the size of a gift or debit card, will use "stored-value" in the form of a common electronic purse (e-Purse) as the medium for all fare payment transactions in addition to cash.
The Payment Card Industry Data Security Standard is a proprietary international information security standard for organizations that handle cardholder information for the major debit, credit, prepaid, e-purse, ATM, and POS cards.
An individual's bank account can also be linked to the digital wallet.
A digital wallet has both a software and information component.
Motorola introduced its first phone with a digital wallet last month.
The promise of phones that double as digital wallets is not new.
Digital wallets are available to consumers free of charge, and they're fairly easy to obtain.
A client side digital wallet requires minimal setup and is relatively easy to use.
The digital wallet is now set up.
Frequent travelers must store it on laptops to use a digital wallet on the road.
Nokia said the new phone also comes equipped with a digital wallet that permits quick wireless transactions.
That, along with digital wallet software, allows linking to their existing Chase credit card accounts.
For the general term, see digital wallet.
He speculated that a Windows security flaw may have allowed the culprit to gain access to his digital wallet.
Consumers also benefit when using digital wallets because their information is encrypted - or protected by a private software code.
Digital wallet: a computer file for maintaining digital currency.
Paypal has 100 million active digital wallets today."
Increasingly, digital wallets are being made not just for basic financial transactions but to also authenticate the holder's credentials.
At the same time, Nokia and other handset makers are planning to make digital wallets a standard part of their phones.
A digital wallet refers to an electronic device that allows an individual to make electronic commerce transactions.
Internet appliances of the future will likely include set-top boxes, handheld devices, digital wallets, cell phones and many others.
Certain sources are speculating that these smartphone "digital wallets" will eventually replace physical wallets.
At the purchase/check-out page of an e-commerce site, the digital wallet software has the ability to automatically enter the user information in the online form.
The matching private key is often stored in a digital wallet or mobile device and protected by a password or other means of authentication.
Sally Smith Clemens, an Olympus product manager, said it was intended to serve as a digital wallet for favorite photos.
The system has already gained popularity in Japan, where digital wallets are known as Osaifu-Keitai or "wallet mobiles"
A server-side digital wallet, also known as a thin wallet, is one that an organization creates for and about you and maintains on its servers.