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The meaning of the term "electronic commerce" has changed over the last 30 years. Originally, "electronic commerce" meant the facilitation of commercial transactions electronically, usually using technology like Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT), where both were introduced in the late 1970s, for example, to send commercial documents like purchase orders or invoices electronically.
The 'electronic' or 'e' in E-commerce refers to the technology/systems; the 'commerce' refers to be traditional business models. E-commerce is the complete set of processes that support commercial business activities on a network.
In the 1970s and 1980s, this would also have involved information analysis. The growth and acceptance of credit cards, automated teller machines (ATM) and telephone banking in the 1980s were also forms of E-commerce However, from the 1990s onwards, this would include enterprise resource planning systems (ERP), data mining and data warehousing. Perhaps the earliest example of many-to-many electronic commerce in physical goods was the Boston Computer Exchange, a marketplace for used computers, launched in 1982.
In the dot com era, it came to include activities more precisely termed "Web commerce" -- the purchase of goods and services over the World Wide Web, usually with secure connections (HTTPS, a special server protocol that encrypts confidential ordering data for customer protection) with e-shopping carts and with electronic payment services, like credit card payment authorizations.
Today, it encompasses a very wide range of business activities and processes, from e-banking to offshore manufacturing to e-logistics. The ever growing dependence of modern industries on electronically enabled business processes gave impetus to the growth and development of supporting systems, including backend systems, applications and middleware.
Examples are broadband and fibre-optic networks, supply-chain management software, customer relationship management software, inventory control systems and financial accounting software.
When the Web first became well-known among the general public in 1994, many journalists and pundits forecast that E-commerce would soon become a major economic sector. However, it took about four years for security protocols (like HTTPS) to become sufficiently developed and widely deployed. Subsequently, between 1998 and 2000, a substantial number of businesses in the United States and Western Europe developed rudimentary web sites.
Although a large number of "pure e-commerce" companies disappeared during the dot-com collapse in 2000 and 2001, many "brick-and-mortar" retailers recognized that such companies had identified valuable niche markets and began to add E-commerce capabilities to their Web sites. For example, after the collapse of online grocer Webvan, two traditional supermarket chains, Albertsons and Safeway, both started E-commerce subsidiaries through which consumers could order groceries online.
The emergence of E-commerce also significantly lowered barriers to entry in the selling of many types of goods; accordingly many small home-based proprietors are able to use the internet to sell goods. Often, small sellers use online auction sites such as eBay, or sell via large corporate websites like Amazon.com, in order to take advantage of the exposure and setup convenience of such sites.
Already have a website and just want to add E-commerce Need a full-featured catalog and shopping cart, along with real-time credit card processing? Sanspareil– the ideal way to add e-commerce to your existing or new website. Portals Like online Shopping Cart demonstrating products, including facility to virtually pick-up and keep products, auto calculation and online payment through Credit Card via Secured Services.
Ecommerce Shopping Cart
If you sell products or goods and do not have an E-commerce or shopping cart site, you are missing the boat. The World Wide Web literally gives business owners the license to sell their goods and service 24 hours a day, seven days a week. That puts a premium on the ease of use and functionality of the e-commerce/shopping cart features of your site. Sanspareil can customize an e-commerce/shopping cart solution that maximizes your site’s selling capabilities.
Sanspareil Soft Solutions can set up an E-commerce/shopping cart site that allows you to sell an unlimited number of products with multiple product categories and subcategories. We can design an entire system to help you track and manage customers.
That includes storing customer payment profiles, with credit card information, for faster processing. Sanspareil can also incorporate an integrated e-mail notification process so you know each time a new order is place. We can also set up your e-commerce/shopping cart with secure online ordering capabilities to work with all major merchant accounts.
Our E-commerce/shopping cart sites also feature a number of useful products to make it easier to run your business. That includes inventory tracking and reporting functionality. Our E-commerce/shopping cart sites include promotional tools, like discount coupon generators, to help your site generate even more business. |