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34 Cards in this Set

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other term for E-commerce
e-business
Business activities using electronic data transmission
1. Business-to-Consumer
2. Business-to-Business
3. Support selling and purchasing activities
consumer shopping on the web
B2C
transactions conducted between businesses on the web
B2B
electronic transmissions of account exchange information over private communication netowrk
Electronic fund transfer EFT
other term for EFT
wire transfer
occurs when one business transmits computer readable in a standard format to another business
Electronic Data Interchange EDI
business that engage in EDI with each other are called ____________
trading partners
Advantages of E-Commerce
1. Better Advertising
2. Can reach narrow market
3. Reduced costs (sales inquiries)
4. Increased sales opportunities for the seller
5. wide range of choices
6. general welfare of the society
Disadvantages of E-commerce
1. impossible to inspect
2. delivery services are limited
3. hard to quantify
4. trouble of recruiting employees
5. difficulty of integrating existing databases
E-Commerce Securities
1. Encryption
2. Secure Socket Layer Protocol
3. Secure HTTP Protocol
is the coding of information by using mathematically based program and a secret key to produce a string of characters that us unintelligible
encryption
the science that study encryption
cryptography
etymology of cryptography
Krupto=secret
Grafh= Writing
provides security handshake in which the client and server computers exchange a brief burst of messages.
SSL
can secure many different types of communications between computers
SSL
is an extension to HTTP that provides a number of security features, including client and server authentication, spontaneous encryption
SHTTP
keeps track of the items you have selected to purchase and allows you to view what is in it, add new items to it or remove items from it
shopping card
basic ways to pay your purchases
1. cash
2. check
3. credit card
distribution can be handled by wallets, smart cards or propriety, limited use of scrip
electronic cash
digital cash minted by a small number of third party organization
scrip
characteristics of E-cash
1. must be possible to spend e-cash only once
2. ought to be anonymous
E-cash Systems
1. checkfree
2. clickshare
3. digicash
4. eCoin
5. InternetCash
6. MiliCent
7. Paypal
provides services to both large corporations and individual internet users
checkfree
e-cash system aimed at magazine and newspaper publishers
clickshare
a system that allows consumers and businesses to exchange eCash for US dollars
Digicash
consumer can use the tokens to pay for online goods
eCoin
Provide online customers the option of using cash rather than credit cards to pay for purchases
InternetCash
electronic scrip system that does not issue standard currency system.
MilliCent
is an electronic cash payment system that is a very popular way for consumers to pay for online purchases. Very popular with eBay auction customers
Paypal
serving a function similar to physical wallet, holds credit cards, electronic cash, owner identification, and owner contact information and provides that information at an electronic commerce site's checkout counter
Electronic Wallets e-wallet
Categories of E-Wallet
1. Server-side e-wallet
2. Client-side e-wallet
stores a customer's information on a remote server belonging to a particular merchant or belonging to the wallet's publisher
Server-side e-wallet
stores a consumer's information on the consumer's own computer
Client-side e-wallet