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Abstract -With the growth of Internet, electronic commerce & its applications are increasing day by day. E-commerce is a fast growing technology which is totally based on internet and networking. This research gives insight about E-commerce in various fields in the online shopping, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange. With the rapid development of e-commerce, security issues are arising from people's attention. The security of the transaction is the core and key issues of the development of e-commerce.
I. INTRODUCTION
Electronic Commerce is process of doing business through computer networks. A person sitting on his chair in front of a computer can access all the facilities of the Internet to buy or sell the products. Unlike traditional commerce that is carried out physically with effort of a person to go & get products, ecommerce has made it easier for human to reduce physical work and to save time.an important aspect of e-commerce is prompt and secure payment, clearing, and settlement of credit or debit claims.
Everyone agrees that the payment and settlement process is a potential bottleneck in the fast-moving electronic commerce environment if we rely on conventional payment methods such as cash, checks, bank drafts, or bills of exchange. Many companies have taken advantage of the web and e-commerce to reduce cost, improve revenue and increase customer service.E-commerce implementation involves the use of computer and telecommunications technologies to improve business processes.
The number of internet devices in 1984 was 1,000 - one thousand
The number of internet devices in 1992 was 1,000,000 - one million
The number of internet devices in 2008 was 1,000,000,000 - one billion
II. TYPES OF E-COMMERCE
Various types of e-commerce platforms fall into several industry classifications based upon their licensing model, sales scenario and data exchange
A. Business-to-Consumer (B2C)
In a Business-to-Consumer E-commerce environment, companies sell their online goods to consumers who are the end users of their products or services. Usually, B2C E-commerce web shops have an open access for any visitor, meaning that there is no need for a person to login in order to make any product related inquiry.
B. Business-to-Business (B2B)
In a Business-to-Business E-commerce
environment, companies sell their online goods to other companies without being...