Explain the following:
i. Web Browser
iii. Electronic Fund Transfer ( EFT)
I) Web Browser: A web browser (commonly referred to as a browser) is a software application for retrieving, presenting and traversing information resources on the World Wide Web. An information resource is identified by a Uniform Resource Identifier (URI) and may be a web page, image, video or other piece of content. Hyperlinks present in resources enable users easily to navigate their browsers to related resources.
Although browsers are primarily intended to use the World Wide Web, they can also be used to access information provided by web servers in private networks or files in file systems. The major web browsers are Google Chrome, Firefox, Internet Explorer, Opera, and Safari.
II) M-Commerce: Mobile Commerce, or m-Commerce, is about the explosion of applications and services that are becoming accessible from Internet-enabled mobile devices. It involves new technologies, services and business models. It is quite different from traditional e-Commerce. Mobile phones impose very different constraints than desktop computers. But they also open the door to a slew of new applications and services. They follow you wherever you go, making it possible to look for a nearby restaurant, stay in touch with colleagues, or pay for items at a store.
iii) Electronic funds transfer (EFT) is the electronic exchange, transfer of money from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems.Electronic Funds Transfer (EFT) provides for electronic payments and collections.EFT is safe, secure, efficient, and less expensive than paper check payments and collections. While it costs the U.S. government $1.03 to issue each check payment, it costs only 10.5 cents to issue an EFT payment.
What is URL?
A uniform resource locator, abbreviated URL, also known as web address, is a... [continues]
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