SEPTEMBER 1 2011
ANALYSIS OF ELECTRONIC PAYMENT SYSTEM
The three major types of electronic commerce are business-to-consumer (B2C), business-to-business (B2B), and consumer-to-consumer (C2C). Mobile commerce, or m-commerce, is the purchase of goods and services using handheld wireless devices. B2C or Business to Consumer, involves retailing products and services to individual shoppers. Barnesandnoble.com, which sells books, software, and music to individual consumers, is an example of B2C e-commerce. B2B, Business to Business, involves sales of goods and services among businesses. ChemConnect’s Web site for buying and selling natural gas liquids, refined and intermediate fuels, chemicals, and plastics is an example of B2B e-commerce. C2C, or Consumer to Consumer, involves consumers selling directly to consumers. For example, eBay, the giant Web auction site, enables people to sell their goods to other consumers by auctioning the merchandise off to the highest bidder. The principal e-commerce payment systems are digital credit card payment systems, digital wallets, accumulated balance digital payment systems, stored value payment systems, digital checking, and electronic billing presentment and payment systems. I have used C2C when I have made purchases from EBay, and as recently as July of this year for a cell phone I wanted. EBay has different types of payment options. One you can pay directly to the seller or you can use PayPal, a payment system that you join and it uses your bank account to process your payment. Some sellers prefer to use PayPal than direct buy from customers.
The idea of using computers in commerce is not new--many business processes have been automated over the past decade. Until recently, however, most companies have used the computer primarily as a tool for storing and analyzing Simple Example of the proprietary data related to internal operations or to customers. Today, several...