One Stop Shop
E-Commerce
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New E-Commerce products will be added soon in the meantime you may wish to check out the following offers:
Information on E-Commerce Electronic commerce Electronic commerce, commonly known as e-commerce or eCommerce,or e-business consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at some point in the transaction's lifecycle, although it can encompass a wider range of technologies such as e-mail as well. A large percentage of electronic commerce is conducted entirely electronically for virtual items such as access to premium content on a website, but most electronic commerce involves the transportation of physical items in some way. Online retailers are sometimes known as e-tailers and online retail is sometimes known as e-tail. Almost all big retailers have electronic commerce presence on the World Wide Web. Electronic commerce that is conducted between businesses is referred to as business-to-business or B2B. B2B can be open to all interested parties (e.g. commodity exchange) or limited to specific, pre-qualified participants (private electronic market). Electronic commerce that is conducted between businesses and consumers, on the other hand, is referred to as business-to-consumer or B2C. This is the type of electronic commerce conducted by companies such as Amazon.com. Online shopping is a form of electronic commerce where the buyer is directly online to the seller's computer usually via the internet. There is no intermediary service. The sale and purchase transaction is completed electronically and interactively in real-time such as Amazon.com for new books. If an intermediary is present, then the sale and purchase transaction is called electronic commerce such as eBay.com. Electronic commerce is generally considered to be the sales aspect of e-business. It also consists of the exchange of data to facilitate the financing and payment aspects of the business transactions. Early development The meaning of electronic commerce has changed over the last 30 years. Originally, electronic commerce meant the facilitation of commercial transactions electronically, using technology such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT). These were both introduced in the late 1970s, allowing businesses to send commercial documents like purchase orders or invoices electronically. The growth and acceptance of credit cards, automated teller machines (ATM) and telephone banking in the 1980s were also forms of electronic commerce. Another form of e-commerce was the airline reservation system typified by Sabre in the USA and Travicom in the UK. Online shopping, a form of electronic commerce, pre-dates the IBM PC, Microsoft, Apple Inc. and the Internet/www. In 1979 Michael Aldrich,an English inventor, connected a modified 26" colour domestic television to a real-time transaction processing computer via a domestic telephone line and invented online shopping.[1] The first recorded B2B was Thomson Holidays 1981[2] The first recorded B2C was Gateshead SIS/Tesco in 1984.[3] The world's first recorded online home shopper was Mrs Jane Snowball,72, of Gateshead, England in May 1984.[4] During the 1980s Aldrich sold many systems mainly in the UK including Ford, Peugeot [then trading as Talbot Motors], General Motors and Nissan.[5] The Nissan system of 1984/5 was revolutionary. It enabled a car buyer on a dealer's lot to both buy and finance the car, including credit check, online.[6] Aldrich invented both the online shopping system and the business rationale for using it. His system was copied and his ideas were plagiarised. His 1980s systems were as fast as 2010 internet shopping systems. They used dial-up and leased telephone lines as broadband was not available. He never patented his shopping system and his ideas are the basis of internet shopping. From the 1990s onwards, electronic commerce would additionally include enterprise resource planning systems (ERP), data mining and data warehousing. An early example of many-to-many electronic commerce in physical goods was the Boston Computer Exchange, a marketplace for used computers launched in 1982. An early online information marketplace, including online consulting, was the American Information Exchange, another pre Internet[clarification needed] online system introduced in 1991. In 1990 Tim Berners-Lee invented the WorldWideWeb web browser and
transformed an academic telecommunication network into a worldwide
everyman everyday communication system called internet/www. Commercial
enterprise on the Internet was strictly prohibited until 1991 .[7]
Although the Internet became popular worldwide around 1994 when the
first internet online shopping started, it took about five years to
introduce security protocols and DSL allowing continual connection
to the Internet. By the end of 2000, many European and American business
companies offered their services through the World Wide Web. Since
then people began to associate a word "ecommerce" with the
ability of purchasing various goods through the Internet using secure
protocols and electronic payment services. * 1979: Michael Aldrich invented online shopping [edit] Business applications Some common applications related to electronic commerce are the following: * Email [edit] Government regulations In the United States, some electronic commerce activities are regulated by the Federal Trade Commission (FTC). These activities include the use of commercial e-mails, online advertising and consumer privacy. The CAN-SPAM Act of 2003 establishes national standards for direct marketing over e-mail. The Federal Trade Commission Act regulates all forms of advertising, including online advertising, and states that advertising must be truthful and non-deceptive.[13] Using its authority under Section 5 of the FTC Act, which prohibits unfair or deceptive practices, the FTC has brought a number of cases to enforce the promises in corporate privacy statements, including promises about the security of consumers’ personal information.[14] As result, any corporate privacy policy related to e-commerce activity may be subject to enforcement by the FTC. The Ryan Haight Online Pharmacy Consumer Protection Act of 2008, which
came into law in 2008, amends the Controlled Substances Act to address
online pharmacies.[15] Contemporary electronic commerce involves everything from ordering "digital" content for immediate online consumption, to ordering conventional goods and services, to "meta" services to facilitate other types of electronic commerce. On the consumer level, electronic commerce is mostly conducted on the World Wide Web. An individual can go online to purchase anything from books or groceries, to expensive items like real estate. Another example would be online banking, i.e. online bill payments, buying stocks, transferring funds from one account to another, and initiating wire payment to another country. All of these activities can be done with a few strokes of the keyboard. On the institutional level, big corporations and financial institutions use the internet to exchange financial data to facilitate domestic and international business. Data integrity and security are very hot and pressing issues for electronic commerce today. The Wikipedia article on this page is released under CC-BY-SA.http://creativecommons.org/licenses/by-sa/3.0/ or GNU Free Documentation License http://www.gnu.org/copyleft/fdl.html The original article may be found at this location: http://en.wikipedia.org/wiki/E-commerce |
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