CISSP Fix

E-Commerce is the conducting of commercial transactions on the Internet where goods, information or services are bought and then paid for. Quite simply it means conducting business electronically i.e. online. Now you don’t need to go to the bank for transactions neither you should go to the queue of ticket counter e-commerce is there for you, just have an internet connection and be free to execute all your money over it. Really ,it works!. Discover it at your computer and have the advantage of the latest and most powerful technology today.

The traditional methodology to commerce was to simply produce the goods, market it, distribute it, and then sell it to the customer and be paid. A tedious process of business was involved in it with the intervention of the third party, distributors, sales persons and other such people who made the commerce successful.

In the traditional sense of selling goods,now, it is possible to do this electronically because of certain software programs that run the main functions of an e-commerce Web site, such as product display, online ordering, and inventory management. The software works in conjunction with online payment systems to process payments and resides on a commerce server. The definition of e-commerce has expanded to include all kinds of commercial online transactions. for example: selling products via credit cards charging for advertising on a highly trafficked Web site, or trading stock in your brokerage account; basically anyway a company can derive revenue online is thought of as e-commerce.

EPS
An electronic payment system is a system of financial exchange between buyers and sellers in the online environment that is facilitated by a digital financial instrument (such as encrypted credit card numbers, electronic checks, or digital cash) backed by a bank, an intermediary, or by legal tender. EPS plays an important role in e-commerce because it closes the e-commerce loop. In developing countries, the underdeveloped electronic payments system is a serious impediment to the growth of e-commerce. In these countries, entrepreneurs are not able to accept credit card payments over the Internet due to legal and business concerns, but it is hoped that secure transactions and awareness will soon remove these security loopholes and barriers in its extension.

E-banking
E-banking is the most familiar and interactive form of e-commerce in today’s e-commerce industry. Most of the banks are providing the electronic banking facility to their customers in the form of atm transactions and online banking services. now, if you want to buy a ticket you can book it online and can pay for it directly from your account number and the bank will take care of all your transactions through e-commerce. The automated teller machine does the need for you to get money anytime anywhere.

E-Business
E-business involves business processes spanning the entire value chain: electronic purchasing and supply chain management, processing orders electronically, handling customer service, and cooperating with business partners. Special technical standards for e-business facilitate the exchange of data between companies. E-business software solutions allow the integration of intra and inter firm business processes. E-business can be conducted using the Web, the Internet, intranets, extranets, or some combination of these. Business to business may be called as internet marketing ,or internet selling, customer to business may be termed as window shopping or online shopping, business to customer by usage of e-bill payments, online bookings and a lot more are several modes in which e-business is conducted.online registrations of products and services are clear examples of business on web.

e-tailing
It is the actual form of retailing over the internet. An e-tailer is a retailer that primarily uses the Internet as a medium for customers to shop for the goods or services provided.It primarily supports the e-shopping concept.Here through e-tailing a retailer goes world wide to convey his product information and ultimately sells then ,but on internet.this provides accessibility for customers to the retailer all over the world wide web and for the retailers to the product demonstration and reach for customers allover the world wide web.