Studied by 2 peopleMobile
________- commerce (m- commerce) relies on the use of wireless devices.
Encryption
________ can provide secure transmission.
Online banking customers
________ can check balances, transfer money, and pay their bills.
Disintermediation
________: the elimination of intermediate organisations between the producer and the consumer.
E Government
________: use of information and communications technology to:
SSL
Secure sockets layer (________): used to secure sensitive data.
brokerage business
The ________: adapted to the internet faster than any other arm of finance.
Electronic cash
________: amount of money that is computerised for e- commerce transactions.
Public exchanges
________: owned and operated by industry groups.
Price comparison
________: mobile phones services enable shoppers to compare prices and products on the web.
world of investment
The Internet: revolutionised the ________ and finance.
Digital certificate
________: attachment in a website that verifies the identity of a sender or website.
Wireless Application Protocol
________ (WAP): standard set of specifications for internet applications that run on handheld, wireless devices.
E Commerce Software
The ________ should be able to manage the catalogue, configure products to help customers, have shopping cart facilities, e- commerce transaction processing, and web traffic data analysis.
Electronic Commerce
conducting business activities electronically over computer networks
Business-to-business (B2B)
all participants are organisations
Business-to-Consumer (B2C)
where customers deal directly with an organisation and avoid intermediaries
Consumer-to-Consumer (C2C)
Involves consumers selling directly to other consumers
Disintermediation
the elimination of intermediate organisations between the producer and the consumer
B2B, B2C, C2C, and m-commerce are used in
retail and wholesale, manufacturing, marketing and advertising, price comparison, couponing, investment and finance, baning and e-boutiques
Electronic exchange
electronic forum where manufacturers, suppliers, and competitors buy and sell goods, trade market information, and run back-office operations
Private exchange
owned and operated by a single company
Public exchanges
owned and operated by industry groups
Market segmentation
identification of specific markets to target them with advertising messages
Price comparison
mobile phones services enable shoppers to compare prices and products on the web
The Internet
revolutionised the world of investment and finance
Wireless Application Protocol (WAP)
standard set of specifications for internet applications that run on handheld, wireless devices
Digital certificate
attachment in a website that verifies the identity of a sender or website
Smart card
card sized device with a microchip for electronic memory and processing capability
P-card
credit card used to streamline the traditional purchase order and invoice payment process
Note 
Flashcard (149)