Business -to- Consumer

1
Business -to- Consumer
Internet Transactions
Stephen C. Williams (StephenCW84_at_aol.com) Topic
13 MIS MWF 100pm
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Table of Contents

1. Introduction..1
2. History.2
3. Current Use.......................3
   -4
4. Current Future Competition...................
   .........5
5. Benefits of E-Commerce.6
6. Future Direction..........7
7. Interview8
8. Conclusion...........9
9. Bibliography.10

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Introduction
Business to consumer transactions are what made
this country what it is today. Whether it was
coins, cash, check, or even IOUs, transactions
between the two have been around for centuries.
As we move into the information age, business to
consumer transactions have not been expanded to
an exchange within the internet. Transactions
between business and consumers can now happen
without the meeting in person. E-commerce has
been born.
1
4
History

• In 1968, the emergence of Electronic Data
  Interchange (EDI)
• allowed different companies to perform electronic
  dealings with each other.
• It wasn't until 1984 that the ASC X12 standard
  established itself as a reliable means to handle
  a large number of transactions.
• In 1992, the Mosaic web-browser was made
  available, it was the first point and click
  browser
• In May 1998, DSL expanded across California.
  This technology allowed people who where
  previously connecting to the Internet at 28.8
  kilobits per second to now connect at 50 times
  that speed.

2
5
Current Use

• Online Bank Transactions
• Withdrawals
• Deposits
• Transfers
• Online Shopping
• Amazon.COM
• EBay.COM
• Walmart.COM

3
6
Current Use cont.

• Online Investing
• Trading
• Buying Stock
• Selling Stock
• Online Accounts Payable
• Paying Bills
• Paying Rent
• Paying for Services

4
7
Current Future Competition

• Current Competition
• In-Store Transactions
• Home Shopping
• Catalog Shopping
• Future Competition
• Cell phone/ Handheld Device Transactions

5
8
Benefits of E-commerce

• Global connectivity through the internet
• Reduced communication cost
• Lower Transaction Cost
• Faster Transactions

6
9
Future Direction

• E-commerce will be soon be mobile
• E-commerce will be instantaneous
• E-commerce will be automatic
• E-commerce will be more secure

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10
Conclusion
E-commerce has came a long way since the birth of
the internet. With the way technology is going,
who knows what will be possible in the near
future. E-commerce will only get better and
transactions between the business and consumer
will only grow and get stronger as well, it is
only a matter of time.
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Bibliography
Connelly, Ginger. Internet Benefits to
Organizations. lthttp//pigseye.kennesaw.edu/gconn
ell/interent20benefits_files/frame.htm.gt
Electronic Commerce Abstract. lthttp//www.flysyk
02.netfirms.com/Ecommerce/index.htm.gt
Basic Introduction to Electronic
Commerce lthttp//www.knowthis.com/internet/ecomgen
eral.htm/gt
How Stuff Works http//www.howstuffworks.com/ecomm
erce.htm
Mouton, Brandon. Telephone Interview. 23 Oct.
2004 (281-914-2100)
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