E-Commerce

E-commerce is the process of managing online financial transactions by individuals and companies. This includes consumer and business-to-business transactions.

The focus of e-commerce is on the systems and procedures whereby financial documents and information of all types are exchanged. This includes online credit card transactions, e-cash, e-billing, e-cheques, electronic invoices, purchase orders and financial statements. E-commerce is particularly concerned with the technologies that enable EDI-type functionality on the Internet.