Electronic commerce (E-Commerce) was founded late in the 1970’s and it was introduced for transactions done via computer to computer. The term e-commerce meant the process of execution of commercial transactions electronically with the help of the leading technology -- Electronic Data Interchange (EDI) which gave an opportunity for user to exchange business information and perform electronic transaction.
The development of e-commerce was one of the things that happened slowly and then suddenly. At the early stage, the term refers simply to any commerce that takes place electronically which includes ATM and credit card transactions as well as the ability to do billing and invoicing through electronic methods.
However, in year 2000, a great number of business companies in the United States and Western Europe represented their service in the World Wide Web. Since then, people began to define the term e-commerce as the process of purchasing of available goods and services over the Internet using secure connections and electronic payment services.
In the history of e-commerce, Amazon was among the first internet company to perform electronic transaction. Currently, they are 4 companies such as Dell, Staples, Office Depot and Hewlett Packed follow the step of Amazon.com to become most famous worldwide Internet retailers.
1 comment:
No doubt E-Commerce is so important especially in the fast-paced world we live in nowadays.
The consumers are more knowledgable and hence a bit more demanding because not only do they know what they want, they want it fast and they want it instantly!
Following the dot-com bust in 2000, various businesses which core business was conducted online not only survived the crash but rebounded strongly and are major players in the industry.
Presently electronic commerce involves everything from purchasing hotel rooms, airline tickets, books, cds, digital content such as songs from Apple's online ITune store and even grocery; pay their bills online, trade shares/stocks and transfer funds.
However data integrity and security still remains a hot and pressing issue for electronic commerce with the twin threats of identity theft and credit card frauds ever present.
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