Wednesday, December 17, 2008

E-commerce

E-commerce is a commercial transaction between buyer and seller that occurs online instead of in person or over the phone. The customer uses a credit card, check/debit card, purchasing card, or a check to pay for goods or services on a Web site. E-commerce is evolving and rapidly moving from a pure technology-driven focus to a user-need driven focus. The goals of this important initiative are to understand which concepts of future e-business solutions are most likely to provide competitive advantages in key sectors namely financial services, telecommunications and government and the commonalities of these concepts. E-commerce is a highly specialized field that requires hands-on experience in both setting up the store front as well as its day to day operation. There are very few who can truthfully claim to have such experience.

Customers can suggest an idea -- and then track that idea through either corporate acceptance or rejection. One idea gaining traction is using ice cubes made from coffee -- not water -- in iced coffee drinks. Customers need to be able to easily get around your catalogue to find things. The customer should be able to easily browse the selection and mark products for later purchase. Customers using PayForIt will see an information screen on their cell phones that presents what was bought, who it was bought from, and for how much. Cash sent by PayForIt is automatically added to a customer?s phone bill.

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