DEVELOPMENT OF E-COMMERCE
The first prototypes of e-commerce systems appeared in the 60-s in the USA, when American Airlines and IBM companies automated the ticket reservation and purchase process. The implemented system helped the passengers to get information about flights and rates faster. At about the same time the first credit cards for conducting non-cash payments were introduced in the USA.
The e-commerce market has made a significant leap within the last two decades, due to the increasing number of internet users, social networks and large online trading platforms introduction. Rapid internet development today forces small and middle business owners to offer their goods and services on the Internet.
Rapid internet development today
forces small and middle business owners
to offer their goods and services on the Internet
Interaction between commercial organizations, where one company supplies the other company with particular kinds of services and goods. Example: online trade platform
Interaction between a commercial organization and a private individual, where the goods and services are being sold to the end customer via Internet. A classic example is an online shop
Interaction between private individuals that are not entrepreneurs. Example: online auction platform
Interaction between business and the state. Example: a system of electronic state purchases
IGNORING E-COMMERCE MARKET TODAY
WILL LEAVE YOUR BUSINESS WITHOUT THE COMPETITIVE ADVANTAGE IN THE FUTURE
PAYMENT SYSTEMS INTEGRATION
Majority of payment systems utilize the same operating scheme.
Successful use case scenario looks as follows: