E-Commerce

11 Pages 2684 Words

transactions, followed by government/education, financial services, and retail trade
§ While medium (50-249 employees) and very large (500+ employees) businesses have the highest volumes, small businesses (1-49 employees) will see the fastest
§ 39 per cent of purchases will be from businesses providing maintenance, repair and operational services such as temporary and janitorial services, training classes and office supplies. Some 12 per cent will be travel related purchases, such as booking business flights and hotels

History of E-commerce
Electronic commerce was built on a foundation that was started more than 125 years ago with Western Union's money transfer as an example of telegraph technology. In the early 1900’s the advent of credit cards as a payment system revolutionized the process of automated commerce functions. In the mid 1980’s the introduction of the ATM card was the latest improvement to electronic commerce. The Internet was conceived in 1969 when the Department of Defense began funding the research of computer ...