E-Commerce

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E-Commerce

Introduction

The exchange of goods and services in the marketplace between the buyers and sellers is old as the human history is but the phenomenon for the marketplace and its structure is changing. The era of 21st century is the millennium of technology when all the marketplace activities are transforming to the automation and computerization. E-commerce is the latest invention by the scientists that has successfully emerged during last years.

Discussions

Essential E-Commerce Terminology

E-Commerce

E-Commerce is the activity that takes place through the technological means. It is the process of buying and selling goods online. It includes all kinds of business activity that take place in the marketplace. The activities include shopping, banking, rentals and investing etc. Internet, World Wide Web and emails are the mediums that are used for E-Commerce. Websites are the most popular forms that are highly used in the e-commerce. Services that are personalized can be advertised on the websites to attract and make clients know about their existence. (www.wisegeek.com)

E-Commerce Terminologies

E-Commerce is also called as E-Business. There are many terminologies that are used for the business on internet. Some of them are:

B2B (Business to Business)

B2C (Business to Consumer)

Chargeback

Certificate Authority

Co branding

Cookies

CRM - Customer Relationship Management.

EDI (Electronic Data Interchange)

Encryption

P2P (Peer-to-Peer)

Payment threshold

Privacy policy

SLA (Service Level Agreement)

SSL (Secure Socket Layer)

WYSIWYG (www.tamingthebeast.net)

AVS (Address Verification Service)

BIN (Bank Identification Number)

CNP (Card-Not-Present)

Certification Authority (CA)

CP (Card-Present) (www.neowave.com)

Internet2

Internet2 has been introduced by the United States. It is a collaborated environment. Internet2 is a testing ground environment where more than hundred universities, companies and government laboratories are working. They work on the advance technologies like for example telemedicine, digital libraries and virtual libraries etc. (www.webopedia.com)

Difference between Internet and Internet2

The difference between internet and internet2 is the availability of access. Internet is accessible to everyone from almost every computer while internet2 is limited to a number of people who can access it. Secondly, the difference lies on the speed of connectivity. Internet2 is made up of high fiber optic cables and carries data at 10 gigabits per second. The speed of normal computer is 4 megabits.  (www.k-state.edu)

Benefit to Current User

Internet2 is developing the high class technologies that will replace the internet. These are the technologies that will benefit all the levels of society. The technologies include IPv6, multicasting, and Quality of Service that will enable a new generation of Internet applications etc. (www.k-state.edu)

Cost and Investment Sources

The development of internet2 has cost over $20million that is estimated per year whereas the current expenditure costs $6o million. The future investments are promised to be provided by the grants from National Science Foundation and other U.S. federal agencies. (www.k-state.edu)

Internet2 Long Term Goals

The principle goal behind the efforts is to speed up the technology that can necessarily move the technology into the commercial sector. It will increase the leadership of U.S. in its area. Additionally they aim to share their information and technology with others for educational purposes. (www.k-state.edu)

Specialized Web Design Services

Specialized web design services include the highly popular and the most demanding service of internet that is ...