- Electronic funds transfers(EFTs)
- Also called wire transfers
- Electronic transmission of account exchange information over private communications networks
- Electronic data interchange(EDI)
- transmitting computer readable data in a standard format to another business
- Trading Partners
- Businesses that engage in EDI with each other
- Value-added network(VAN)
- Independent firm that offers connection and transaction forwarding services to buyers and sellers engaged in EDI.
Thursday 4 October 2012
The Development and Growth of E-commerce
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