Technologies in E-commerce
1. Electronic data interchange: It is used to terminate documents such as orders, bills, notices, advices and other business mails between two trading partners. For example- The customer may request for a price quotation or for details. The seller sends quotation electronically. The buyer places the purchase order. The seller acknowledge the order.
2. Electronic fund transfer: It is the transmission of financial information and payments in electronic form. Secure transactions are carried out in the electronic fund transfer methods.
3. Electronic mail: Business activities mainly depend upon the mail system. The orders, payments etc. usually depend upon quick mail system. It is the way by which the messages are transferred and transmitted without paper mode.