Lecture4_Explain_how_electronic_transactions_can_reduce.ppt

Lecture4_Explain_how_electronic_transactions_can_reduce.ppt...

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Objective: By the end of the lesson, leaner should be able to; 2.1 Explain how electronic transactions can reduce paperwork and delay(advantages ). 2.2 Examine how EDI has developed and laid the foundations for b2b e-business. 2.3 Evaluate the use of different Electronic Payment Systems. 1
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Electronic Transactions Bringing this concept into perspective by answering the question. What is Electronic Transactions? (Class discussion). An act of buying or selling something or sending money electronically, especially over the internet: [ ] 2
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ElectronicTransactions Another definition of Electronic Transaction is by Organization for Economic Cooperation and Development OECD Definition: An electronic transaction is the sale or purchase of goods or services, whether between businesses, households, individuals, governments, and other public or private organisations, conducted over computer-mediated networks. The goods and services are
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