E~COMMERCE

E-commerce
~Business conducted over internet using application of:

Type:

Example:online shopping, Electronic payments, online Auctions,internet banking and online ticketing.


E-BANKING
~ a financial institution to conduct financial transactions on a secure website such as: virtual bank, credit union or building society.


online banking need:

•  personal Internet access. 
• Internet banking customer accesses accounts from a browser.
• some transactional capabilities to retail customers over the World Wide.

common features:

• viewing account balances
• viewing recent transactions
• downloading bank statements
• Funds transfers 
• Loan applications and transactions

Security (online transaction)
~Exchanging information without the appropriate encryption security measures.
~ to ensure safe transactions on the Internet:

• Stored-value cards 
• Smart cards 
• point of sale (p.o.s)
• Digital cash
• E-wallets
• Online payment services