Skip to main content

Definition and History of ECommerce

What do you mean by E-Commerce?




Electronic Commerce (e-Commerce) is a general concept covering any
form of business transaction or information exchange executed using
information and communication technologies (ICTs). e-Commerce takes place between companies, between companies and their customers, or between companies and public administrations. Electronic Commerce includes electronic trading of goods, services and electronic material.

BRIEF HISTORY OF E-COMMERCE

+ E-commerce started in early 1970’s with invention of electronic fund transfer(EFT).
+ Only used by large organizations, financial institutions and a few small business at that time.
+ After invention of EDI (Electronic Data Interchange) from financial institutions to manufacturers retailers, services and so on.
+ Many other e-commerce applications started from stock trading to travel reservation system.
+ With commercialization of internet in early 1990’s. The term electronic commerce was used. Internet provided millions of customers. E.C applications expanded rapidly.
+ One reason for rapid expansion of E.C was development of networks protocols and software. Other resources were business competition and customer value.
+ From 1995 to 1999, there were many E.C applications like advertisement and auction.
+ Almost every medium and large sized organizations in USA has a website. Many are very expensive. For example, in 1999 General Motors Corporation (www.gm.com) has offered 1800 pages information about products, services and dealers.


Basics of eCommerce

  1. Definition and History of ECommerce
  2. Role of E-Commerce in Daily Life
  3. Classification of e-Commerce Applications
  4. Difference Between Electronic Market and IOS
  5. Types Of e-Commerce


Ecommerce Payment Systems/ ePayment

  1. Types of Popular e-Payment Systems
  2. Explain Credit Card Payment System
  3. Advantages Disadvantages of Credit Cards
  4. Difference Between Debit Card and Credit Card
  5. Types of E-payment Security Schemes
  6. Types of e-Payment Security Protocols

Labels:

Comments

Post a Comment

Popular posts from this blog

Explain different types of storage devices

Topic: Explain different types of storage devices in Computer systems Storage Devices Storage devices are used to store data and instructions permanently. Storage devices are also called secondary storage devices / backing storage devices / external storage devices or auxiliary storage devices. Examples of storage devices include Hard Disk, CD and DVD etc. Why Secondary Storage Devices are Used? Secondary storage devices are used because: Primary memory(RAM) is volatile and temporary. When computer is switched off, all data in ram is erased. Storage devices can store large amounts of data and instructions permanently whereas Primary memory has less capacity of storing data. Types Of Storage Devices There are three main types of storage devices:  Magnetic Tape   Magnetic Disk   Optical Disk   Flash Memory storage devices 1. Magnetic Tape Magnetic tape is the oldest storage device. It is made of plastic coated with m...
3 comments
Read more

What are Different Types of Computer

Computers can be divided into the following 3 types on the basis of their working mechanism: 1) Analog Computers 2) Digital Computers 3) Hybrid Computers 1. Analog Computers Analog computer is used to measure continuous values. It measures a physical property like voltage, pressure, speed, time and temperature. An analog computer takes input in analog form and gives output in analog form. Its output is usually displayed on a meter or scale. Analog computer has low memory and fewer functions. Analog computer is mainly used in the field of engineering and medicine. Examples include: Examples of Analog Computers include:  1. Thermometer 2. Speedometer 3. Analog clock 2. Digital Computers A digital computer works with digital data. Digital computer uses binary number system. Binary number system consists of only two digits 0 and 1. A digital computer represents data in digital signals. A 0 represents OFF and a 1 represents ON. Digital computer performs a...
3 comments
Read more

What are Dual Devices or Both Input/ Output Devices

The devices that can be used to perform both functions -input and output- are called Dual Devices. These devices are also called Dual Purpose Devices or Both Input/Output Devices. With the help of a dual purpose device, we can enter data into computer as well as we can output data from the computer to outside world.  For example, Dual devices include:  Touch Screen Monitor, Modem, Network Interface Card, Sound card, Hard disk drive, Floppy disk Drive, Magnetic Tape Drive CD-Writer and DVD-Writer etc. These are also called Input/output devices, because they perform both functions. Touch Screen Monitor Dual Devices or Both Input / Output Devices - Touch screens Touch Screen Monitor is an input/output device. It uses a special touch sensitive screen. The User can enter data by touching icons or menus on the screen. As soon as the user selects a command from menu, output is displayed on screen. Commonly touch screen monitors use sensors to detect touch of finger. ...
1 comment
Read more