E-Commerce
E-Commerce comprises all the components required for transacting business in the digital domain. The E-Commerce super system includes digital payment systems, payment servers, payment gateways, E-Wallet, and security systems like firewall and intrusion detection.
Digital payment systems include virtual financial instruments like E-Check and credit cards. E-Wallet is used to hold different payment instruments. Payment servers and payment gateways make end-to-end payments possible in the electronic domain. Public Key Infrastructure enables effective operation of E-Commerce in real life applications.
With the spread of the Internet, more and more applications are going online. E-Commerce is an enabling technology that helps buyers and sellers, individuals and businesses, retail and bulk suppliers. It has attractive features like anywhere, anytime shopping / banking (24 x 7 x 365) with no holidays, zero inventories, elimination of middlemen, etc. Customers can compare various products and study their features and performance to make an informed decision before a purchase. Producers and sellers get targeted customers without the expenditure of active marketing or advertising. E-Commerce technology benefits everybody. |
