For your information, E-commerce consists of the buying and selling a product or service over electronic system such as the Internet and the other computer networks. Over the last 30 years, the term e- commerce has changed. History of e-commerce dates back to the invention of the very old notion of ‘sell and buy’, it takes several steps in the history of e-commerce.
The first step came from the development of the Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) which been introduced in the late 1970s and standardized through ASC X12. It allows the businesses to send commercial documents like purchase order or invoice electronically and give an opportunity for users to exchange business information.
In 1980s, the growth and acceptance of credit card, automated teller machines (ATM) and telephone banking also a form of electronic commerce. In the following decade, e-commerce continue to be developed, it include enterprise resource planning systems (ERP), data mining and date warehousing. In 1994, internet had begun to advance in popularity among general public. It takes several years to develop the security protocols and DSL which allows rapid access to the internet.
In 20 century, a great number of business companies in United States and Western Europe represented their services in the World Wide Web. The term of e-commerce had been changed as the process of purchasing of available goods and services over the Internet using secure connections and electronic payment services.
Indeed, e-commerce has evolved from online billboards to a fully functional, personalized shopping experience over the past decade. The first two online purveyors are eBay (http://www.ebay,com/) and Amazon.com (http://www.amazon.com/). They were the first ones to offer one-click ordering that people expect to find. Today, the Amazon.com able to set a single-day record with more than 2.8 million units ordered, which make one of the most important milestones for e-commerce. (315 words)
In 1980s, the growth and acceptance of credit card, automated teller machines (ATM) and telephone banking also a form of electronic commerce. In the following decade, e-commerce continue to be developed, it include enterprise resource planning systems (ERP), data mining and date warehousing. In 1994, internet had begun to advance in popularity among general public. It takes several years to develop the security protocols and DSL which allows rapid access to the internet.
In 20 century, a great number of business companies in United States and Western Europe represented their services in the World Wide Web. The term of e-commerce had been changed as the process of purchasing of available goods and services over the Internet using secure connections and electronic payment services.
Indeed, e-commerce has evolved from online billboards to a fully functional, personalized shopping experience over the past decade. The first two online purveyors are eBay (http://www.ebay,com/) and Amazon.com (http://www.amazon.com/). They were the first ones to offer one-click ordering that people expect to find. Today, the Amazon.com able to set a single-day record with more than 2.8 million units ordered, which make one of the most important milestones for e-commerce. (315 words)
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