ecommerce recommendations and related topics

S/MIME

Short for Secure/MIME, a version of the MIME protocol that supports encryption of messages. S/MIME is based on RSA's public-key encryption technology.

digital wallet

(1) Encryption software that works like a physical wallet during electronic commerce transactions. A wallet can hold a user's payment information, a digital certificate to identify the user, and shipping information to speed transactions. The consumer benefits because his or her information is encrypted against piracy and because some wallets will automatically input shipping information at the merchant's site and will give the consumer the option of paying by digital cash or check. Merchants benefit by receiving protection against fraud. Most wallets reside on the user's PC, but recent versions, called "thin" wallets, are placed on the credit card issuer's server. Netscape and Microsoft now support wallet technology on their browsers. (2) Digital Wallet, a registered trademark of Minds@Work, is a self-powered portable hard drive used for storing digital camera images.

CRM Definition

Customer Relationship Management (CRM) is an data industry locution for methodologies, software, and usually Internet capabilities that aid an enterprise operate customer relationships in an organized and efficient manner. In many cases, an enterprise builds a database about its customers. This database describes relationships in sufficient detail so that management, salespeople, and customer supply reps can access data; match customer needs with product plans and offerings; remind customers of supply requirements; know what other products a customer had purchased; etc. RM Definition Customer Relationship Management (CRM) is an data industry locution for methodologies, software, and usually Internet capabilities that aid an enterprise operate customer relationships in an organized and efficient manner. In many cases, an enterprise builds a database about its customers. This database describes relationships in sufficient detail so that management, salespeople, and customer supply reps can access data; match customer needs with product plans and offerings; remind customers of supply requirements; know what other products a customer had purchased; etc.
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