Q3. What do you understand by E-Commerce? How broadband technologies play an important role in E-Commerce?

Electronic commerce, commonly known as e-commerce, is a type of industry where buying and selling of product or service is conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction's life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices social media, and telephones as well.

Role of broadband Technology in E-commerce: As we move to multimedia-based e-commerce application, traditional packet switching techniques may be adequate to meet the new transmission and switching needs. So, e-commerce application tend to differ greatly in the areas of traffic volume and required bandwidth, nature of the information, degree of business, need for error controls and real-times sensitivity for transmittal as in the case for voice. Thus, above all solution provide by broadband technology. these are like. offering better methods for high speed data transport. Providing support for pricing priority and multi casting services or the ability to handle the group broadcastes to permit delivery of the same data to multiple recipients. reducing the number of transport networks for various services i.e. voice data, video and image by providing better integration services. It is clear that the emerging broadband networks for electric commerce services will be based on fast packet switching which combines the best of LAN's and WAN's to transmit voice and data

Q1.Discuss web based tools for ecommerce? https://mis.uhcl.edu/rob/Course/ECM/Lectures%5CWeb-Based%20Tools.htm

Q2.Discuss various infrastructure issues in Electronic payment system in india.

1.17 SYSTEMS OF PAYMENTS IN E-COMMERCE E-commerce is rife with buzzwords and catchphrases. Here are some of the current terms people like to throw around: 1.17.1 Credit card-based: If consumers want to purchase a product or service, they simply send their credit card details to the service provider involved and the credit card organization will handle this payment like any other. 1.17.2 Smart cards: These are credit and debit cards and other card products enhanced with microprocessors capable of holding more information than the traditional magnetic stripe. The chip can store significantly greater amounts of data, estimated to be 80 times more than a magnetic stripe. Smart cards are basically of two types: Relationship based smart credit cards: This is an enhancement of existing card services and/or the addition of new services that a financial institution delivers to its customers via a chip-based card or other device. These new services may include access to multiple financial accounts, value-added marketing programs, or other information cardholders may want to store on their card. Electronic Purses: These are wallet-sized smart cards embedded with programmable microchips that store sums of money for people to use instead of cash for everything from buying food to paying subway fares. 1.17.3 Digital or electronic cash: Also called e-cash, these terms refer to any of several schemes that allow a person to pay for goods or services by transmitting a number from one computer to another. The numbers, just like those on a dollar bill, are issued by a bank and represent specified sums of real money. One of the key features of digital cash is that it's anonymous and reusable, just like real cash. This is a key difference between e-cash and credit card transactions over the Internet. 1.17.4 Electronic checks: Currently being tested by Cybercash, electronic checking systems such as PayNow take money from users' checking accounts to pay utility and phone bills. 1.17.5 Electronic wallet: This is a payment scheme, such as Cybercashs Internet Wallet, that stores your credit card numbers on your hard drive in an encrypted form. You can then make purchases at Web sites that support that particular electronic wallet. When you go to a participating online store, you click a Pay button to initiate a credit card payment via a secure transaction enabled by the electronic wallet company's server. The major browser vendors have struck deals to include electronic wallet technology in their products.

1.17.6 : Transactions in amounts between 25 cents and $10, typically made in order to download or access graphics, games, and information, are known as micropayments. Pay-as-you-go micropayments were supposed to revolutionize the world of E-commerce..

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