What is Electronic commerce?
'''Electronic commerce''' more well known as '''e-commerce''' consists of the buying or selling of [[Product (consumer goods)|product]]s via electronic means such as the [[internet]] or other electronic services. This type of [[trade]] has been growing rapidly because of the expansion of the [[Internet]]. Types of commerce include online retail, electronic markets, and online auctions. The need for electronic commerce emerged from the need to use computers more efficiently in banks and corporations. With the increasing competition there was a need amongst organizations to increase customer satisfaction and information exchange. Electronic commerce started with the introduction of electronic funds transfer (EFT) by banks. Over time many variants of EFTs within banks were introduced like [[debit card]]s, [[credit card]]<nowiki/>s, and direct deposits.<ref>{{cite book| last1 = Kalakota| first1 = Ravi| last2 = Whinston| first2 = Andrew B.| title = Electronic Commerce: A Manager's Guide| url = https://books.google.com/books?id=7UNqSnb52H4C| accessdate = June 19, 2012| year = 1997| publisher = Addison-Wesley Professional| isbn = 978-0-201-88067-0| page = 5 }}</ref> ==References== {{reflist}} {{tech-stub}} [[Category:E-commerce]]