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high speed remittance intro to ecommerce

In the broadest sense, electronic commerce (e-commerce), is the buying and selling of products and services over the Internet. It has included the handling of purchase transactions and funds transfers over computer networks. According to the Forrester Research Study "Sizing Intercompany Commerce," total U.S business-to-business Internet trade in 1998 is $7.7 billion, compared to a total global e-commerce of $21.8 billion, dramatically increasing from $2.5 billion in 1997. By the year 2002, according to the report, there will be $328 billion worth of e-commerce.
Electronic commerce is the ability to perform transactions involving the exchange or use of goods or services between two or more parties using electronic tools and techniques  Some main technologies have made e-commerce viable - WWW, Electronic Data Interchange (EDI), Electronic Funds Transfer (EFT) and E-mail.
EDI is the inter-organisational, computer-to-computer exchange of business documentation in a standard, machine-processable format. EFT was designed to optimise electronic payments with electronically provided remittance information.
Electronic commerce provides the capability of buying and selling products and information via telephone lines, computer networks, and other electronic means. The Internet, the largest network of computer networks, is the medium usually favoured for electronic commerce because it allows an organisation to cut service costs while increasing the speed of service delivery.
Electronic commerce is considered a primary means by which organisations may expand rapidly into high growth emerging markets of the world. This is possible because, firstly as trans-national companies become skilled in their use of the Internet, they will be able to pursue global electronic commerce more efficiently, saving important advertising, communication, and administrative costs. Secondly, the Internet can increase responsiveness by notifying individual customers when new products in their areas of interest become available and by creating customised products and services. Thirdly and finally, trans-national companies using the Internet can increase their knowledge about consumer habits, be able to define trends, and turn consumer statistics into long-term customer relationships.
Electronic commerce endeavours to improve the execution of business transactions over various networks. Transactions are exchanges that occur when one economic entity sells a product or service to another entity. A transaction takes place when a product or service is transferred across a technologically separable interface that links a consumer (buyer) with a producer (seller). When the buyer/seller transactions occur in the electronic marketplace, information is accessed, absorbed, arranged, and sold in different ways.  There are four main categories where business transactions take place Business to Business (B2B), Business to Customer (B2C), Business to Administration and Consumer to Administration.
An example in the B2B category would be a company that uses a network for ordering from its suppliers, receiving invoices and making payments. This category of electronic commerce has been well established for several years.
The B2C category largely equates to electronic retailing. This category has expanded greatly with the advent of the World Wide Web. There are now shopping malls all over the Internet offering all manners of consumer goods, from cakes and wine to computers and motor cars.
The business administration category covers all transactions between companies and government organisations. For example, in the USA the details of forthcoming government procurements are publicised over the Internet and companies can respond electronically. Currently this category is in its infancy, but it could expand quite rapidly as governments use their own operations to promote awareness and growth of electronic commerce. In addition to public procurement, administrations may also offer the option of electronic interchange for such transactions as VAT returns and the payment of corporate taxes.
The consumer administration category is just emerging, in the wake of a growth of both the business consumer and business administration categories; governments may extend electronic interaction to such areas as welfare payments and self-assessed tax returns.
B2B e-commerce was born out of an attempt to solve an administrative problem. It developed a new computer standard to handle these needs, which became known as EDI, Electronic Data Interchange. Today its descendant, XML, a lighter, simpler data interchange standard is used by B2B sites. Simple e-commerce sites first appeared in 1992. The early e-commerce sites were virtual catalogues, simply listing products for sale. Ordering was off-line, through e-mail, phone or fax. By 1996 the technology had advanced greatly to produce virtual ... more

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E-commerce an Introduction

In the broadest sense, electronic commerce (e-commerce), is the buying and selling of products and services over the Internet. It has included the handling of purchase transactions and funds transfers over computer networks. According to the Forrester Research Study Sizing Intercompany Commerce, total U.S business-to-business Internet trade in 1998 is $7.7 billion, compared to a total global e-commerce of $21.8 billion, dramatically increasing from $2.5 billion in 1997. By the year 2002, according to the report, there will be $328 billion worth of e-commerce.

Electronic Commerce (e-commerce)

Electronic commerce is the ability to perform transactions involving the exchange or use of goods or services between two or more parties using electronic tools and techniques Some main technologies have made e-commerce viable - WWW, Electronic Data Interchange (EDI), Electronic Funds Transfer (EFT) and E-mail.

EDI is the inter-organisational, computer-to-computer exchange of business documentation in a standard, machine-processable format. EFT was designed to optimise electronic payments with electronically provided remittance information.

Electronic commerce provides the capability of buying and selling products and information via telephone lines, computer networks, and other electronic means. The Internet, the largest network of computer networks, is the medium usually favoured for electronic commerce because it allows an organisation to cut service costs while increasing the speed of service delivery.

Electronic commerce is considered a primary means by which organisations may expand rapidly into high growth emerging markets of the world. This is possible because, firstly as trans-national companies become skilled in their use of the Internet, they will be able to pursue global electronic commerce more efficiently, saving important advertising, communication, and administrative costs. Secondly, the Internet can increase responsiveness by notifying individual customers when new products in their areas of interest become available and by creating customised products and services. Thirdly and finally, trans-national companies using the Internet can increase their knowledge about consumer habits, be able to define trends, and turn consumer statistics into long-term customer relationships.

Electronic Commerce Activities

Electronic commerce endeavours to improve the execution of business transactions over various networks. Transactions are exchanges that occur when one economic entity sells a product or service to another entity. A transaction takes place when a product or service is transferred across a technologically separable interface that links a consumer (buyer) with a producer (seller). When the buyer/seller transactions occur in the electronic marketplace, information is accessed, absorbed, arranged, and sold in different ways. There are four main categories where business transactions take place Business to Business (B2B), Business to Customer (B2C), Business to Administration and Consumer to Administration.

An example in the B2B category would be a company that uses a network for ordering from its suppliers, receiving invoices and making payments. This category of electronic commerce has been well established for several years.

The B2C category largely equates to electronic retailing. This category has expanded greatly with the advent of the World Wide Web. There are now shopping malls all over the Internet offering all manners of consumer goods, from cakes and wine to computers and motor cars.

The business administration category covers all transactions between companies and government organisations. For example, in the USA the details of forthcoming government procurements are publicised over the Internet and companies can respond electronically. Currently this category is in its infancy, but it could expand quite rapidly as governments use their own operations to promote awareness and growth of electronic commerce. In addition to public procurement, administrations may also offer the option of electronic interchange for such transactions as VAT returns and the payment of corporate taxes.

The consumer administration category is just emerging, in the wake of a growth of both the business consumer and business administration categories; governments may extend electronic interaction to such areas as welfare payments and self-assessed tax returns.

B2B e-commerce was born out of an attempt to solve an administrative problem. It developed a new computer standard to handle these needs, which became known as EDI, Electronic Data Interchange. Today its descendant, XML, a lighter, simpler data interchange standard is used by B2B sites. Simple e-commerce sites first appeared in 1992. The early e-commerce sites were virtual catalogues, simply listing products for sale. Ordering was off-line, through e-mail, phone or fax. By 1996 the technology had advanced greatly to produce virtual ... more

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  • H: E-commerce an Introduction H: E-commerce an Introduction E-commerce an Introduction E-commerce an Introduction In the broadest sense, electronic commerce (e-commerce), is the buying and selling of products and services over the Internet. It has included the handling of purchase transactions and funds transfers over computer networks. According to the Forrester Research Study Sizing Intercompany Commerce, total U.S business-to-business Internet trade in 1998 is $7.7 billion, compared to a total global e-commerce of $21.8 billion, dramatically increasin...
  • I: Intro to ecommerce I: Intro to ecommerce intro to ecommerce In the broadest sense, electronic commerce (e-commerce), is the buying and selling of products and services over the Internet. It has included the handling of purchase transactions and funds transfers over computer networks. According to the Forrester Research Study Sizing Intercompany Commerce, total U.S business-to-business Internet trade in 1998 is $7.7 billion, compared to a total global e-commerce of $21.8 billion, dramatically increasing from $2.5 billion in 1997. By t...
  • G: E-commerce an Introduction G: E-commerce an Introduction E-commerce an Introduction In the broadest sense, electronic commerce (e-commerce), is the buying and selling of products and services over the Internet. It has included the handling of purchase transactions and funds transfers over computer networks. According to the Forrester Research Study Sizing Intercompany Commerce, total U.S business-to-business Internet trade in 1998 is $7.7 billion, compared to a total global e-commerce of $21.8 billion, dramatically increasing from $2.5 billion in 1997...
  • H: Business Process Engineering H: Business Process Engineering Business Process Engineering Benettons formula has been to establish a global franchise operation with very strict standards of control of products, supply. Presentation and stocking in stores. By rethinking the manufacturing process so that garments are dyed as the last step in the manufacturing process so that garments are dyed as the last step in the manugfacturing process, Benetton has minimized variation in manufacture and considerably shortened the supply chain. Further, by making heavy...
  •  : No title : No title B2b In SmeS: Perspectives And Future Challenges, Chapter 1 Introduction 1.1 Purpose and Content The Forrester report (Feb. 2000) in an article entitled eMarketplaces Boost B2B Trade. Predicts that B2B (business to business) e-Commerce will reach $2.7 trillion in 2004. While Internet trade between individual partners will continue to flourish, eMarketplaces will fuel most of the growth reaching 53% of all online business trade in five years. These figures would suggest that it is imperativ...
  • S: No title S: No title B2b In SmeS: Perspectives And Future Challenges, Chapter 1 Introduction 1.1 Purpose and Content The Forrester report (Feb. 2000) in an article entitled eMarketplaces Boost B2B Trade. Predicts that B2B (business to business) e-Commerce will reach $2.7 trillion in 2004. While Internet trade between individual partners will continue to flourish, eMarketplaces will fuel most of the growth reaching 53% of all online business trade in five years. These figures would suggest that it is imperativ...
  • P: B2B in SMEs Perspectives and Future Challenges P: B2B in SMEs Perspectives and Future Challenges B2B in SMEs Perspectives and Future Challenges The Forrester report (Feb. 2000) in an article entitled eMarketplaces Boost B2B Trade. Predicts that B2B (business to business) e-Commerce will reach $2.7 trillion in 2004. While Internet trade between individual partners will continue to flourish, eMarketplaces will fuel most of the growth reaching 53% of all online business trade in five years. These figures would suggest that it is imperative that SMEs embrace the e-commerce world that is un...
  • E: Business Process Engineering E: Business Process Engineering Business Process Engineering Benettons formula has been to establish a global franchise operation with very strict standards of control of products, supply. Presentation and stocking in stores. By rethinking the manufacturing process so that garments are dyed as the last step in the manufacturing process so that garments are dyed as the last step in the manugfacturing process, Benetton has minimized variation in manufacture and considerably shortened the supply chain. Further, by making heavy u...
  • E: Business Process Engineering E: Business Process Engineering Business Process Engineering Benetton\'s formula has been to establish a global franchise operation with very strict standards of control of products, supply. Presentation and stocking in stores. By rethinking the manufacturing process so that garments are dyed as the last step in the manufacturing process so that garments are dyed as the last step in the manugfacturing process, Benetton has minimized variation in manufacture and considerably shortened the supply chain. Further, by making heavy ...
  • D: E-commerce an Introduction D: E-commerce an Introduction E-commerce an Introduction E-commerce an Introduction In the broadest sense, electronic commerce (e-commerce), is the buying and selling of products and services over the Internet. It has included the handling of purchase transactions and funds transfers over computer networks. According to the Forrester Research Study Sizing Intercompany Commerce, total U.S business-to-business Internet trade in 1998 is $7.7 billion, compared to a total global e-commerce of $21.8 billion, dramatically increasin...
  •  : Pakistan : Pakistan Pakistan A Portrait of the Death of an Economy My topic deals with Pakistan, its relationship with the IMF and World Bank, and its internal problems that are causing unemployment, poverty, economic crisis and hunger. I shall be analyzing the situation using the neo-classical theory, as it is what the economists of the Pakistan government and the IMF are using to alleviate the economic instability of the country. Situated in the sub-continent, Pakistan is a low-income country, with great promise ...
  • R: Pakistan R: Pakistan Pakistan My topic deals with Pakistan, its relationship with the IMF and World Bank, and its internal problems that are causing unemployment, poverty, economic crisis and hunger. I shall be analyzing the situation using the neo-classical theory, as it is what the economists of the Pakistan government and the IMF are using to alleviate the economic instability of the country. Situated in the sub-continent, Pakistan is a low-income country, with great promise for growth. Unfortunately, it is held ...
  • E: Portrait of the Death of an Economy E: Portrait of the Death of an Economy Portrait of the Death of an Economy A Portrait of the Death of an Economy My topic deals with Pakistan, its relationship with the IMF and World Bank, and its internal problems that are causing unemployment, poverty, economic crisis and hunger. I shall be analyzing the situation using the neo-classical theory, as it is what the economists of the Pakistan government and the IMF are using to alleviate the economic instability of the country. Situated in the sub-continent, Pakistan is a low-income c...
  • M: Pakistan M: Pakistan Pakistan My topic deals with Pakistan, its relationship with the IMF and World Bank, and its internal problems that are causing unemployment, poverty, economic crisis and hunger. I shall be analyzing the situation using the neo-classical theory, as it is what the economists of the Pakistan government and the IMF are using to alleviate the economic instability of the country. Situated in the sub-continent, Pakistan is a low-income country, with great promise for growth. Unfortunately, it is held ...
  • I: ECONOMY OF PAKISTAN I: ECONOMY OF PAKISTAN ECONOMY OF PAKISTAN A Portrait of the Death of an Economy My topic deals with Pakistan, its relationship with the IMF and World Bank, and its internal problems that are causing unemployment, poverty, economic crisis and hunger. I shall be analyzing the situation using the neo-classical theory, as it is what the economists of the Pakistan government and the IMF are using to alleviate the economic instability of the country. Situated in the sub-continent, Pakistan is a low-income country, with gre...
  • T: A Portrait of the Death of an Economy T: A Portrait of the Death of an Economy A Portrait of the Death of an Economy My topic deals with Pakistan, its relationship with the IMF and World Bank, and its internal problems that are causing unemployment, poverty, economic crisis and hunger. I shall be analyzing the situation using the neo-classical theory, as it is what the economists of the Pakistan government and the IMF are using to alleviate the economic instability of the country. Situated in the sub-continent, Pakistan is a low-income country, with great promise for growt...
  • T: Ben and Jerrys T: Ben and Jerrys Ben and Jerrys Crisis - a paroxysmal attack of pain and distress or disordered function; an emotionally significant event or radical change in status in a person\'s life; the point of time when it is decided whether an affair or course of action shall proceed, be modified or terminate; decisive moment; the turning point such a point in the course of the action of a play or other work of fiction (compare climax, resolution); the immediate sequel to the culminating point of a period of prosperity ...
  • A: E-commerce an Introduction A: E-commerce an Introduction E-commerce an Introduction E-commerce an Introduction In the broadest sense, electronic commerce (e-commerce), is the buying and selling of products and services over the Internet. It has included the handling of purchase transactions and funds transfers over computer networks. According to the Forrester Research Study Sizing Intercompany Commerce, total U.S business-to-business Internet trade in 1998 is $7.7 billion, compared to a total global e-commerce of $21.8 billion, dramatically increasin...
  • N: Intro to ecommerce N: Intro to ecommerce intro to ecommerce In the broadest sense, electronic commerce (e-commerce), is the buying and selling of products and services over the Internet. It has included the handling of purchase transactions and funds transfers over computer networks. According to the Forrester Research Study Sizing Intercompany Commerce, total U.S business-to-business Internet trade in 1998 is $7.7 billion, compared to a total global e-commerce of $21.8 billion, dramatically increasing from $2.5 billion in 1997. By t...
  • C: E-commerce an Introduction C: E-commerce an Introduction E-commerce an Introduction In the broadest sense, electronic commerce (e-commerce), is the buying and selling of products and services over the Internet. It has included the handling of purchase transactions and funds transfers over computer networks. According to the Forrester Research Study Sizing Intercompany Commerce, total U.S business-to-business Internet trade in 1998 is $7.7 billion, compared to a total global e-commerce of $21.8 billion, dramatically increasing from $2.5 billion in 1997...
  • E: Business Process Engineering E: Business Process Engineering Business Process Engineering Benettons formula has been to establish a global franchise operation with very strict standards of control of products, supply. Presentation and stocking in stores. By rethinking the manufacturing process so that garments are dyed as the last step in the manufacturing process so that garments are dyed as the last step in the manugfacturing process, Benetton has minimized variation in manufacture and considerably shortened the supply chain. Further, by making heavy...
  • No title No title B2b In SmeS: Perspectives And Future Challenges, Chapter 1 Introduction 1.1 Purpose and Content The Forrester report (Feb. 2000) in an article entitled eMarketplaces Boost B2B Trade. Predicts that B2B (business to business) e-Commerce will reach $2.7 trillion in 2004. While Internet trade between individual partners will continue to flourish, eMarketplaces will fuel most of the growth reaching 53% of all online business trade in five years. These figures would suggest that it is imperativ...
  • No title No title B2b In SmeS: Perspectives And Future Challenges, Chapter 1 Introduction 1.1 Purpose and Content The Forrester report (Feb. 2000) in an article entitled eMarketplaces Boost B2B Trade. Predicts that B2B (business to business) e-Commerce will reach $2.7 trillion in 2004. While Internet trade between individual partners will continue to flourish, eMarketplaces will fuel most of the growth reaching 53% of all online business trade in five years. These figures would suggest that it is imperativ...
  • B2B in SMEs Perspectives and Future Challenges B2B in SMEs Perspectives and Future Challenges B2B in SMEs Perspectives and Future Challenges The Forrester report (Feb. 2000) in an article entitled eMarketplaces Boost B2B Trade. Predicts that B2B (business to business) e-Commerce will reach $2.7 trillion in 2004. While Internet trade between individual partners will continue to flourish, eMarketplaces will fuel most of the growth reaching 53% of all online business trade in five years. These figures would suggest that it is imperative that SMEs embrace the e-commerce world that is un...
  • Business Process Engineering Business Process Engineering Business Process Engineering Benettons formula has been to establish a global franchise operation with very strict standards of control of products, supply. Presentation and stocking in stores. By rethinking the manufacturing process so that garments are dyed as the last step in the manufacturing process so that garments are dyed as the last step in the manugfacturing process, Benetton has minimized variation in manufacture and considerably shortened the supply chain. Further, by making heavy u...