An introduction to the online business information and e commerce

A more complete definition is: E-commerce is the use of electronic communications and digital information processing technology in business transactions to create, transform, and redefine relationships for value creation between or among organizations, and between organizations and individuals.

An introduction to the online business information and e commerce

These components work together to deliver e-banking services. Each component represents a control point to consider. Through a combination of internal and outsourced solutions, management has many alternatives when determining the overall system configuration for the various components of an e-banking system.

However, for the sake of simplicity, this booklet presents only two basic variations. First, one or more technology service providers can host the e-banking application and numerous network components as illustrated in the following diagram. While the institution does not have to manage the daily administration of these component systems, its management and board remain responsible for the content, performance, and security of the e-banking system.

Second, the institution can host all or a large portion of its e-banking systems internally.

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A typical configuration for in-house hosted, e-banking services is illustrated below. Thus, the institution has day-to-day responsibility for system administration.


E-Banking Support Services In addition to traditional banking products and services, financial institutions can provide a variety of services that have been designed or adapted to support e-commerce.

Management should understand these services and the risks they pose to the institution. This section discusses some of the most common support services: Some websites are strictly informational, while others also offer customers the ability to perform financial transactions, such as paying bills or transferring funds between accounts.

Virtually every website contains "weblinks. While weblinks are a convenient and accepted tool in website design, their use can present certain risks. Generally, the primary risk posed by weblinking is that viewers can become confused about whose website they are viewing and who is responsible for the information, products, and services available through that website.

There are a variety of risk management techniques institutions should consider using to mitigate these risks.

An introduction to the online business information and e commerce

These risk management techniques are for those institutions that develop and maintain their own websites, as well as institutions that use third-party service providers for this function.

The agencies have issued guidance on weblinking that provides details on risks and risk management techniques financial institutions should consider.

Account Aggregation Account aggregation is a service that gathers information from many websites, presents that information to the customer in a consolidated format, and, in some cases, may allow the customer to initiate activity on the aggregated accounts.

The information gathered or aggregated can range from publicly available information to personal account information e. Aggregation services can improve customer convenience by avoiding multiple log-ins and providing access to tools that help customers analyze and manage their various account portfolios.

Some aggregators use the customer-provided user IDs and passwords to sign in as the customer.E-commerce E-commerce stands for Electronic commerce and it is the process of buying, selling or exchanging products, service or information across the Internet.

E-commerce not only buying and selling of products and service, but also servicing customer, collaborating with business partners, and conducting electronic transactions within an organisation. A “B2G”, meaning business-to-government is a variation of the term B2B, or business-to-business approach to commerce, also called e-government.

It refers to businesses and government agencies using the Internet to mutually exchange information and trade with each other more efficiently.

E-commerce and e-business both address these processes, as well as a technology infrastructure of databases, application servers, security tools, systems management and legacy systems.

Introduction to E-business Management and strategy Colin Combe AMSTERDAM BOSTON HEIDELBERG LONDON NEW YORK OXFORD PARIS SAN DIEGO SAN FRANCISCO SINGAPORE SYDNEY TOKYO Butterworth-Heinemann is an . The term Electronic commerce (or e-Commerce) refers to the use of an electronic medium to carry out commercial transactions.

Most of the time, it refers to the sale of products via Internet, but the term eCommerce also covers purchasing mechanisms via Internet (for B-To-B). A client who purchases on. For information on fraud prevention, please go to the Worldwide E-Commerce Fraud Prevention Network, a website developed by, American Express, and others to help e-commerce merchants protect themselves from e-commerce fraud.

As discussed above, digital signatures may be one answer to the fraud problem.

What is Ecommerce?