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E-commerce and banking
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Today we will be learning about standards 3.3, 3.3, 3.5, 3.6 and 3.7.
Standard 3.3 talks about E-commerce. E-commerce is transactions done electronically on the Internet.
The similarities between E-commerce and traditional banking services would be
E-commerce differs from traditional banking services because it is only done online through the internet.
Traditional banking services include actually going to the bank, and withdrawing or making deposits to your account.
Standard 3.4 says to compare and contrast e-commerce with traditional banking services.
The legal issues of E-commerce such as validity of contracts, jurisdiction over trades, encryption policies, and Internet gambling.
Standard 3.5 discusses the real and ethical issues for e-commerce
Last but not least, standard 3.6 says to explain the payment options in E-commerce
The different payment options of E-commerce include credit cards, direct deposits, cash and bank transfers.
You can also do mobile payments and prepaid cards.
mobile devices as the primary method consumers use to make eCommerce purchases, mobile devices will become the central piece of technology used to make transactions
Standard 3.7 is to anticipate the possible effects of future technology on E-commerce
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