IT205 Week 7 Checkpoint

IT205 Week 7 Checkpoint - UNIVERSITY OF PHOENIX Analysis of...

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UNIVERSITY OF PHOENIX Analysis of Electronic Payment Systems IT205 Samuel W. Willis March 28, 2014
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With the advancement of technology we have seen a change in the way business is conducted. Today’s society has what is known as e-commerce which is the business conducted electronically through the internet. With this there are a few e-commerce categories that businesses falls under. Business-to-consumer (b 2 C) is when businesses are selling products and or services to the public using on-line catalogs. Overstocl.com is an e-commerce business that sells directly to the customer. Business-to-business (B 2 B) is businesses selling directly to other businesses. Sysco Food Corporation is a company that deals directly with other businesses utilizing on-line technologies. Consumer-to-Consumer (C 2 C) is when the consumer market sells products or services to other consumers. E-bay.com was the first on-line site that allowed (C 2 C) interaction. A person would sell a product and another consumer would bid to buy it. However, over time this model has changed and now people have actually created E-bay
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