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Electronic commerce, commonly known as e-commerce or eCommerce, or e-business consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer,

supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at some point in the transaction’s lifecycle, although it can encompass a wider range of technologies such as e-mail as well.

What is eCommerce?

Electronic commerce, commonly known as e-commerce or e-comm, refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks. Electronic commerce draws on such technologies as electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction’s life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices and telephones as well. Electronic commerce is generally considered to be the sales aspect of e-business. It also consists of the exchange of data to facilitate the financing and payment aspects of business transactions.

E-commerce can be divided into:
E-tailing or “virtual storefronts” on Web sites with online catalogs, sometimes gathered into a “virtual mall”
E-mail and fax and their use as media for reaching prospects and established customers (for example, with newsletters)
The gathering and use of demographic data through Web contacts
Business-to-business buying and selling
Electronic Data Interchange (EDI), the business-to-business exchange of data
The security of business transactions
  Some common applications related to electronic commerce are the following:
Document automation in supply chain and logistics
Newsgroups
Domestic and international payment systems
Online shopping and order tracking
Enterprise content management
Online banking
Group buying
Online office suites
Automated online assistants
Shopping cart software
Instant messaging
Teleconferencing
Electronic tickets