Electronic Commerce System

8/11/2019 Electronic Commerce System

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Electronic Commerce System


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E-Commerce

Electronic commerce, commonly known as e-

commerce or eCommerce, is a type of

industry where the buying and selling of

products or services is conducted over

electronic systems such as the Internet and

other computer networks.


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E-Commerce

Electronic commerce draws on technologies

such as mobile commerce, electronic funds

transfer, supply chain management, Internet

marketing, online transaction

processing, electronic data

interchange (EDI), inventory management

systems, and automated datacollectionsystems.
http://en.wikipedia.org/wiki/Mobile_commercehttp://en.wikipedia.org/wiki/Electronic_funds_transferhttp://en.wikipedia.org/wiki/Electronic_funds_transferhttp://en.wikipedia.org/wiki/Supply_chain_managementhttp://en.wikipedia.org/wiki/Online_advertisinghttp://en.wikipedia.org/wiki/Online_advertisinghttp://en.wikipedia.org/wiki/Online_transaction_processinghttp://en.wikipedia.org/wiki/Online_transaction_processinghttp://en.wikipedia.org/wiki/Electronic_data_interchangehttp://en.wikipedia.org/wiki/Electronic_data_interchangehttp://en.wikipedia.org/wiki/Inventory_management_softwarehttp://en.wikipedia.org/wiki/Inventory_management_softwarehttp://en.wikipedia.org/wiki/Data_collectionhttp://en.wikipedia.org/wiki/Data_collectionhttp://en.wikipedia.org/wiki/Data_collectionhttp://en.wikipedia.org/wiki/Data_collectionhttp://en.wikipedia.org/wiki/Data_collectionhttp://en.wikipedia.org/wiki/Inventory_management_softwarehttp://en.wikipedia.org/wiki/Inventory_management_softwarehttp://en.wikipedia.org/wiki/Inventory_management_softwarehttp://en.wikipedia.org/wiki/Inventory_management_softwarehttp://en.wikipedia.org/wiki/Inventory_management_softwarehttp://en.wikipedia.org/wiki/Electronic_data_interchangehttp://en.wikipedia.org/wiki/Electronic_data_interchangehttp://en.wikipedia.org/wiki/Electronic_data_interchangehttp://en.wikipedia.org/wiki/Electronic_data_interchangehttp://en.wikipedia.org/wiki/Electronic_data_interchangehttp://en.wikipedia.org/wiki/Online_transaction_processinghttp://en.wikipedia.org/wiki/Online_transaction_processinghttp://en.wikipedia.org/wiki/Online_transaction_processinghttp://en.wikipedia.org/wiki/Online_transaction_processinghttp://en.wikipedia.org/wiki/Online_transaction_processinghttp://en.wikipedia.org/wiki/Online_advertisinghttp://en.wikipedia.org/wiki/Online_advertisinghttp://en.wikipedia.org/wiki/Online_advertisinghttp://en.wikipedia.org/wiki/Supply_chain_managementhttp://en.wikipedia.org/wiki/Supply_chain_managementhttp://en.wikipedia.org/wiki/Supply_chain_managementhttp://en.wikipedia.org/wiki/Supply_chain_managementhttp://en.wikipedia.org/wiki/Supply_chain_managementhttp://en.wikipedia.org/wiki/Electronic_funds_transferhttp://en.wikipedia.org/wiki/Electronic_funds_transferhttp://en.wikipedia.org/wiki/Electronic_funds_transferhttp://en.wikipedia.org/wiki/Electronic_funds_transferhttp://en.wikipedia.org/wiki/Electronic_funds_transferhttp://en.wikipedia.org/wiki/Mobile_commercehttp://en.wikipedia.org/wiki/Mobile_commercehttp://en.wikipedia.org/wiki/Mobile_commerce


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E-Commerce

Modern electronic commerce typically uses

the World Wide Webat least at one point in

the transaction's life-cycle, although it may

encompass a wider range of technologies such

as e-mail, mobile devices, social media, and

telephones as well.
http://en.wikipedia.org/wiki/World_Wide_Webhttp://en.wikipedia.org/wiki/Mobile_devicehttp://en.wikipedia.org/wiki/Mobile_devicehttp://en.wikipedia.org/wiki/Mobile_devicehttp://en.wikipedia.org/wiki/Mobile_devicehttp://en.wikipedia.org/wiki/World_Wide_Webhttp://en.wikipedia.org/wiki/World_Wide_Webhttp://en.wikipedia.org/wiki/World_Wide_Webhttp://en.wikipedia.org/wiki/World_Wide_Webhttp://en.wikipedia.org/wiki/World_Wide_Web


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E-Commerce

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 business transactions.


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E-Commerce

E-commerce can be divided into: E-tailing or "virtual storefronts" on websites with online

catalogs, sometimes gathered into a "virtual mall"

Buying or Selling on various websites and/or onlinemarketplaces

The gathering and use of demographic data through Webcontacts and social media

Electronic Data Interchange (EDI), the business-to-businessexchange of data

E-mail and fax and their use as media for reaching prospective

and established customers (for example, with newsletters) Business-to-businessbuying and selling

The security of business transactions
http://en.wikipedia.org/wiki/Business-to-businesshttp://en.wikipedia.org/wiki/Business-to-businesshttp://en.wikipedia.org/wiki/Business-to-businesshttp://en.wikipedia.org/wiki/Business-to-businesshttp://en.wikipedia.org/wiki/Business-to-businesshttp://en.wikipedia.org/wiki/Business-to-business


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E-Commerce

Types of e-commerce

Business-to-Business (B2B) (between companies):

Business-to-Consumer (B2C)(companies and

consumers): Business-to-Government (B2G) (companies and

the public sector) :

Consumer-to-Consumer (C2C) (private individuals

or consumers):

Mobile Commerce (m-commerce)(wirelesstechnology):


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E-payment

As technology developing, the range of

devices and processes to transact

electronically continues to increase while the

percentage of cash and check transactionscontinues to decrease.


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E-payment

Internet shopping may revolutionize retailing

by allowing consumers to sit in their homes

and buy an enormous variety of products and

services from all over the worlds.

Many businesses and consumers are still

wary of conducting extensive business

electronically.


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E-payment


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E-payment

Types of E-Payment

Cards

Credit cards, debit cards and prepaid cards

currently represent the most common form of

electronic payments.

For all 3 types of cards the consumer or the

business most often uses a plastic card, commonlywith a magnetic stripe.


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E-payment

Types of E-Payment

Internet

Online payments involve the customer

transferring money or making a purchase online

via the internet.

Consumers and businesses can transfer money to

third parties from the bank or other account, andthey can also use credit, debit and prepaid cards

to make purchases online


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E-payment

Types of E-Payment

Mobile Payments

Mobile phones are currently used for a limited

number of electronic transactions.

However, the percentage seems likely to increase

as mobile phone manufacturers enable the chip

and software in the phone for easier electroniccommerce.


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E-payment

Types of E-Payment

Financial Service Kiosks

Companies and service providers in several countries,

including Singapore and the US, have set up kiosks toenable financial and non-financial transactions.

These kiosks are fixed stations with phone

connections where the customer usually uses a

keyboard and television-like screen to transaction orto access information.


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E-payment

Types of E-Payment

Biometric Payments

Electronic payments using biometrics are still largely

in their beginning. Trials are underway in the United States, Australia and

a limited number of other countries.

Most biometric payments involve using fingerprints asthe identification and access tool, though companieslike Visa International are piloting voice recognitiontechnology and retina scans are also underconsideration.


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E-payment

Types of E-Payment

Electronic Payments Networks

Various countries have electronic payments

networks that consumer can use to make

payments electronically.

The consumer can go online, to a financial service

kiosk or use other front-end devices to accesstheir account and make payments to businesses

or other individuals.


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E-payment

Types of E-Payment

Person-to-Person (P2P) Payments

P2P payments enable one individual to pay

another using an account, a prepaid card or

another mechanism that stores value.

PayPal in the US, which was recently purchased by

EBay, is one of the most frequently used P2Pmechanisms.


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E-payment

Types of E-payment and Initiatives


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E-Accounting/ Online Accounting

System

E-accounting or online accounting is theapplication of onlineand Internet technologies to the business

accounting function. Similar to e-mailbeing an electronic version of

traditional mail, e-accounting is "electronicenablement" of lawful accounting andtraceable accounting processes which weretraditionally manual and paper-based.
http://en.wikipedia.org/wiki/Internethttp://en.wikipedia.org/wiki/E-mailhttp://en.wikipedia.org/wiki/E-mailhttp://en.wikipedia.org/wiki/E-mailhttp://en.wikipedia.org/wiki/E-mailhttp://en.wikipedia.org/wiki/Internet


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System

E-accounting involves performing regularaccounting functions, accounting research andthe accounting training and education throughvarious computer based /internet based

accounting tools such as digital tool kits, variousinternet resources, international web-basedmaterials, institute and company databaseswhich are internet based, web links, internet

based accounting software and electronicfinancial spreadsheet tools to provide efficientdecision making.
http://en.wikipedia.org/wiki/Web_linkhttp://en.wikipedia.org/wiki/Web_linkhttp://en.wikipedia.org/wiki/Spreadsheethttp://en.wikipedia.org/wiki/Spreadsheethttp://en.wikipedia.org/wiki/Spreadsheethttp://en.wikipedia.org/wiki/Web_linkhttp://en.wikipedia.org/wiki/Web_linkhttp://en.wikipedia.org/wiki/Web_link


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System

E-accounting does not have a standard

definitionbut merely refers to the changes in

accounting due to computing and networking

technologies.

Most e-accounting services are offered as

SaaS; software as a service, i.e. as a cloud

service.
http://en.wikipedia.org/wiki/Cloud_servicehttp://en.wikipedia.org/wiki/Cloud_servicehttp://en.wikipedia.org/wiki/Cloud_servicehttp://en.wikipedia.org/wiki/Cloud_servicehttp://en.wikipedia.org/wiki/Cloud_service


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Investment Management

Investment management is the

professional asset management of

various securities (shares, bonds and other

securities) and other assets (e.g., real estate)in order to meet specified investment goals

for the benefit of the investors.
http://en.wikipedia.org/wiki/Asset_managementhttp://en.wikipedia.org/wiki/Security_(finance)http://en.wikipedia.org/wiki/Assethttp://en.wikipedia.org/wiki/Real_estatehttp://en.wikipedia.org/wiki/Real_estatehttp://en.wikipedia.org/wiki/Real_estatehttp://en.wikipedia.org/wiki/Real_estatehttp://en.wikipedia.org/wiki/Assethttp://en.wikipedia.org/wiki/Security_(finance)http://en.wikipedia.org/wiki/Asset_managementhttp://en.wikipedia.org/wiki/Asset_managementhttp://en.wikipedia.org/wiki/Asset_management


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Investors may be institutions (insurance

companies, pension funds, corporations,

charities, educational establishments etc.) or

private investors (both directly via investmentcontracts and more commonly via collective

investment schemes e.g. mutual

fundsor exchange-traded funds).
http://en.wikipedia.org/wiki/Collective_investment_schemehttp://en.wikipedia.org/wiki/Collective_investment_schemehttp://en.wikipedia.org/wiki/Mutual_fundshttp://en.wikipedia.org/wiki/Mutual_fundshttp://en.wikipedia.org/wiki/Exchange-traded_fundhttp://en.wikipedia.org/wiki/Exchange-traded_fundhttp://en.wikipedia.org/wiki/Exchange-traded_fundhttp://en.wikipedia.org/wiki/Exchange-traded_fundhttp://en.wikipedia.org/wiki/Exchange-traded_fundhttp://en.wikipedia.org/wiki/Exchange-traded_fundhttp://en.wikipedia.org/wiki/Mutual_fundshttp://en.wikipedia.org/wiki/Mutual_fundshttp://en.wikipedia.org/wiki/Mutual_fundshttp://en.wikipedia.org/wiki/Collective_investment_schemehttp://en.wikipedia.org/wiki/Collective_investment_schemehttp://en.wikipedia.org/wiki/Collective_investment_schemehttp://en.wikipedia.org/wiki/Collective_investment_schemehttp://en.wikipedia.org/wiki/Collective_investment_scheme


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The term asset management is often used to

refer to the investment management

of collective investments, while the more

generic fund management may refer to allforms of institutional investment as well as

investment management for private investors.
http://en.wikipedia.org/wiki/Collective_investmenthttp://en.wikipedia.org/wiki/Collective_investmenthttp://en.wikipedia.org/wiki/Collective_investmenthttp://en.wikipedia.org/wiki/Collective_investment


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The provision of investment management

services includes elements of financial

statement analysis, asset selection, stock

selection, plan implementation and ongoingmonitoring of investments.
http://en.wikipedia.org/wiki/Financial_statement_analysishttp://en.wikipedia.org/wiki/Financial_statement_analysishttp://en.wikipedia.org/wiki/Financial_statement_analysishttp://en.wikipedia.org/wiki/Financial_statement_analysishttp://en.wikipedia.org/wiki/Financial_statement_analysishttp://en.wikipedia.org/wiki/Financial_statement_analysishttp://en.wikipedia.org/wiki/Financial_statement_analysis

Electronic Commerce System

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