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    Muhammed Fayis
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    E-commerce refers to paperless exchange of business information using network technologies. It allows for buying and selling, production, and sharing of information online and through other network services. Several definitions are provided, but they all refer to conducting business transactions electronically through telecommunications networks, especially the internet. The history of e-commerce began in the 1970s with electronic data interchange and electronic funds transfer to facilitate transactions. It grew in the 1980s with credit cards and ATMs, and expanded greatly in the 1990s with the commercialization of the internet and rise of dot-com companies offering various online services.

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    E-commerce refers to paperless exchange of business information using network technologies. It allows for buying and selling, production, and sharing of information online and through other network services. Several definitions are provided, but they all refer to conducting business transactions electronically through telecommunications networks, especially the internet. The history of e-commerce began in the 1970s with electronic data interchange and electronic funds transfer to facilitate transactions. It grew in the 1980s with credit cards and ATMs, and expanded greatly in the 1990s with the commercialization of the internet and rise of dot-com companies offering various online services.

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    17 views4 pages

    E Commerce

    Uploaded by

    Muhammed Fayis
    E-commerce refers to paperless exchange of business information using network technologies. It allows for buying and selling, production, and sharing of information online and through other network services. Several definitions are provided, but they all refer to conducting business transactions electronically through telecommunications networks, especially the internet. The history of e-commerce began in the 1970s with electronic data interchange and electronic funds transfer to facilitate transactions. It grew in the 1980s with credit cards and ATMs, and expanded greatly in the 1990s with the commercialization of the internet and rise of dot-com companies offering various online services.

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    © All Rights Reserved
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    E-COMMERCE

    Computer applications in business


    E-commerce

    ■ E-Commerce refers to paperless exchange of business information using network based


    technologies.
    ■ The World Trade Organisation (WTO) defines e-commerce"as a commercial process
    that includes productions, distribution, sales or delivery OF GOODS and services
    through the electronic means.
    ■ Andrew. B. Whinston defines e-commerce as "it provides the capability of buying and
    selling, production and information on the Internet and other on line services.“
    ■ Electronic Commerce (EC) is where business transactions take place via
    telecommunications networks, especially the Internet.- E. Turban, J. Lee, D. King and
    H.M. Chung.
    ■ Electronic commerce is about doing business electronically- P. Timmers.
    ■ Zwass defines e-commerce as ".….. the sharing of business information, maintaining
    business relationships, and the conducting business transactions by means of
    telecommunications networks“
    All the above definitions are valid.
    HISTORY OF E COMMERCE

    ■ 1970S• E- commerce meant the facilitation of commercial


    transactions electronically, using technology such asElectronic Data
    Interchange (EDI) and Electronic FundsTransfer (EFT).
    ■ • 1980sThe growth and acceptance of credit cards• Automated teller
    machines (ATM)• Telephone banking
    ■ 1990s• The Internet commercialised and users flocked TO participate
    in the form of dot-coms, or Internet start-ups• Innovative
    applications ranging from online direct sales TO-learning experiences
    ■ 2000S• Many European and American business companies offered
    their services through the World Wide Web.

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