Q. ECML technology is used in which of the following banking products/services? A. Home Loans B. Foreign Exchange Services C. Digital Wallet D. Internet Banking

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Answer: C. Digital Wallet

Digital Wallet software is developed using the Electronic Commerce Modeling Language (ECML) technology to import customer information from digital wallet to checkout form.

Electronic Commerce Modeling Language is a protocol that dictates how online retailers structure and set up their checkout forms. It is formatted using XML tags.

It is a standard way of transferring billing, shipping and payment information to merchant sites regardless of what site the customer is purchasing from.

Participating e-commerce vendors who incorporate both digital wallet technology and ECML include: America Online, American Express, Brodia, Compaq, CyberCash, Discover, FSTC, IBM, MasterCard, Microsoft, Novell, SETCo, Sun Microsystems, Trintech and Visa U.S.A.

 

Learn more: 

  1. Digital wallet From Wikipedia, the free encyclopedia
  2. ECML – Electronic Commerce Modeling Language

 


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