E Commerce

E-Commerce

Definition: the buying and selling of goods and services on the Internet, especially the World Wide Web.  E-commerce can be divide into: E-tailing or "virtual storefronts" on Web sites with online catalogs, sometimes gathered into a "virtual mall". The gathering and use of demographic data through Web contacts. Electronic Data Interchange (EDI), the business-to-business exchange of data. E-mail and fax and their use as media for reaching prospects and established customers (for example, with newsletters). Business-to-business buying and selling. The security of business transactions. (taken from /SearchcioTechtarget/E-commerce) E-Banking Definition: A system allowing individuals to perform banking activities at home, via the internet. Online banking through traditional banks enable customers to perform all routine transactions, such as account transfers, balance inquiries, bill payments, and stop-payment requests, and some even offer online loan and credit card applications.  Account information can be accessed anytime, day or night, and can be done from anywhere. A few online banks update information in real-time, while others do it daily. Once information has been entered, it doesn't need to be re-entered for similar subsequent checks, and future payments can be scheduled to occur automatically.  (taken from /InvestorWords/OnlineBanking/)

Security while online transaction Firstly, it is very important for the Internet banking user to read the Terms and Conditions of use carefully. This contains a hint at the key legal issue, namely the obligation of the contract parties and the liability, which bank customer should be aware of. The Internet banking user must safeguard the authorization data. Do not reveal your PIN or passwords to anyone and regularly changing them if possible. By access the Internet banking website, the user must make sure, that the correct URL and browser have been used. Type the bank URL yourself and do not click on any automatic hotlink found in an E-mail or other website. And properly log off and close your browser after using Internet banking. Make sure that anti-virus program is running at all times, so that the computer does not become infected with spyware. And keep the program update regularly. Avoid using Internet banking in the public places. And if possible, limit your access and transfer amount at a time. Monitoring your online banking account regularly and contact the bank and the authorities immediately, if you suspect you are a victim of fraud or theft. Ignore the Phishing mail, bank will not ask for password or PIN via E-mail. Be aware of the risks related to Internet banking and exercise special care.  (taken from /ThaiLawForum/InternetBanking/)

Avoid being scammed Enterprise Technologies Used   In today's world businesses had gone far beyond traditional way of handling business. It is reflected as diagram below: Enterprise wide technologies and methodologies