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

Comments

Popular posts from this blog

Explain Main Difference Between System Software and Application Software

Topic: Explain Main Difference Between System Software and Application Software            Differentiate between system software and application software Before , explaining the main differences between application software and system software, let us know the definitions of Application software and System software with examples. What is System Software: System software is a set of programs to control all components of computer and to manage overall operations of computer system. Differences between System software and application software System software is used as a base to install and run all application software. Examples of system software include: Operating Systems, like Microsoft Windows, DOS, Unix and Linux Device Drivers like Device driver software of a Printer (found on CD normally provided with the printer) Utility Programs like AVAST anti virus, Disk Scanners and File Viewers etc. What is Applicat...

Uses Of Computer in Medical Field

Today Computers are an essential part of an hospital . Doctors and administration staff uses computers to manage patient history and medicine stocks etc. Computers play a key role in the medical field .  Their uses include storing patient related data, housing knowledge bases, providing the logic and circuitry for medical equipment, scanning and imaging the body, and facilitating speedy communications. Computers can be used in medical field in the following ways: Uses of Computers in Medical Field Top Seven Uses of Computers in Medical Field    Hospital Administration These days, Computers are being used in hospitals extensively . We can computerize the accounting, payroll and stock system of the hospital. We can keep the record of different medicines.  Recording Medical History Of Patients Computer can be used to store the medical history of the patients . Medical history is very important for patients as well as doctors. Doctors may ...

Advantages and Disadvantages of Mesh Topology

Topic: Advantages and Disadvantages of Mesh Topology Mesh Topology In a mesh topology, every device on the network is physically connected to every other device on the network. Therefore, data can be sent on several possible paths from source computer to destination computer. Mesh topology is more reliable with better performance. Mesh Network Topology is mostly used in wide area networks where reliability is important. Advantages of Mesh Network Topology 1. Since, there are many links to transfer data, Mesh topology gets rid of the traffic problem . Data may be transferred through different links. 2. If one link becomes unusable, it does not disturb the whole system . Other links can be used for communication. 3. Since each node has physical connection with other nodes, therefore, one node can transfer data to many nodes at the same time. Disadvantages of Mesh Network Topology 1. It is very expensive due to implementation of multiple links for each no...