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E-commerce and banking
Updated: 2/14/2020
E-commerce and banking
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Storyboard Text

  • 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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