| Electric Commerce Terms |
Electronic
commerce, sometimes known as 'e-commerce', exploits the development
of internet technology and the rapid processing provided by the new
computer systems. Ecommerce simply means that buying and selling of goods
can now take place on line using secure internet technology to process
transactions.
For Finance Related
Terms
click here |
| Recent
Rapid Growth |
| The
use of electronic commerce has exploded in recent years as computers became more widely used by both individuals
and companies. With the wide range of goods and services available on
line and a way to process the payment and exchange of these goods and
services, it was only a matter of time until it became commonplace to deal
with online merchants. If you are a newcomer to e-commerce you might be
confused by the online jargon. To help you understand the terms used in
online merchandising a glossary is included.
|
| Glossary
of Electronic Commerce Terms |
| ASI
.................................. |
Automated
Information Systems |
| Authentication
................... |
Electronic
identification verification of people and businesses. |
| DES
................................. |
Data
Encryption Standard |
| Digital
Cash ...................... |
Sometimes
known as 'e-cash' or electronic cash. |
| Digital
Signatures .............. |
Electronic
identification of the sender of a message or document. |
| E-cash
............................. |
Electronic
cash. |
| E-mail
.............................. |
Electronic
mail, messages sent electronically. |
| EDI
.................................. |
Electronic
Data Interchange - transferring data in a standard format from one
computer application to another either within a business or between
businesses. |
| Electronic
cash ................. |
Electronic
currency which may be used to make payment electronically. |
| Electronic
coins ................ |
Sometimes
called electronic tokens, they represent an electronic system for making
small payments. |
| EFT
................................. |
Electronic
Funds Transfer, the transfer of funds and related information
electronically. |
| Electronic
purse (or wallet) . |
Software
that allows electronic money to be stored and payments to be made. |
| Electronic
Signature .......... |
The
electronic version of a handwritten signature. |
| Encryption
........................ |
Changing
data into a form which is more secure. |
| Home
Page ...................... |
The
reception page or main page of a Web site. |
| Modem
............................. |
A
device for converting computer data into a form which can be transmitted
over a telephone network. (Name derived from - MOdulator, DEModulator). |
| Online
Storefront ............... |
A
traders Web site. |
| PAN
................................. |
Primary
Account Number. |
| POS
................................ |
Point
of Sale. |
| Protocol
........................... |
The
rules relating to the transmission of electronic information. |
| SET
................................. |
Secure
Electronic Transaction - a method of securing credit card transactions
over the Internet. |
| Smart
card ....................... |
Plastic
card containing a microchip which can 'store' money. This can then be
used as a means of payment with a device that can read the information
on the card. |
| VAN
................................. |
Value
Added Network - used to send data, often between companies. |
| Virtual
wallet ..................... |
An
electronic purse |
| Web
page ......................... |
A
document on the World Wide Web. |
| Web
site .......................... |
A
location on the World Wide Web containing information relating to a
person or organization. |
