Shruti Speak's

When it comes to e-commerce, first thing with pings someone mind is security!! Industry gurus have been putting heart n soul, in order to address this concern. SET was one of endeavor on same lines. Secure Electronic Transaction (SET) is a standard protocol that is used for securing credit card transactions over insecure networks. With the increase in security concerns over Internet SET has emerged as popular protocol for addressing transactions over Internet. Please note clearly, SET itself is not a payment system. It is a a set of security protocols and formats that enables users to employ the existing credit card payment infrastructure on an open network in a secure fashion! SET, developed by VISA and MasterCard (Credit card leaders) is based on X.509 certificates having several extensions. [Just FYI: X.509 is an ITU-T standard for a public key infrastructure (PKI. It specifies standard formats many things such as public key certificates, attribute certificates etc…] SET fe...

Let’s first give quick glimpse to how EDI is setup, There are several ways to set up EDI. A dedicated PC link to the EDI network. A group of computers via modems linking to the EDI network A dedicated server link to the EDI network Communication link could be: Dial-up phone line (such as ISDN line or switched digital services) A dedicated link to the network’s local hub point. Required software: Application software Message translator - Routing manager - Communication handler Migration to Open EDI: The Internet and the transition to open EDI will change the economics of EDI by reducing setup and rollout costs. Migration groups: A nonuser becoming a private network/VAN user. A current EDI user who wishes to make a transition to Open EDI. A non-EDI user who can make a direct transition to Open EDI. EDI transactions across the Internet in two ways: Email an...

EDI Advantages and Disadvantages Advantages Disadvantages Automating existing business procedures in inventory management, transport and distribution, also in administration, and cash management. Managerial problems in the support, maintenance and implementation of EDI transactions. Cost saving in - document preparation, postage, and handling of mainstream transactions- reduced errors and exceptions handling. Each entity may have a different method of delivery, ranging from dial-up BBS systems mailing hard media such as a CD-ROM or tape backup. Faster handling of transactions results in increased cash flow. Lack of strict standards across implementations, transactions and methods. Improve customer services and Enhance the business process and operations One single computer application cannot handle all health care entities. Though this may not be necessary, it can lead to an obvious management headache as a company attempts to register itself with various ED...

EDI - the inter-organization exchange of well-defined business transactions in standardized electronic form directly between computer applications. Focused on Business-To-Business community. Also, EDI can be stated as collection of standard message formats to exchange data between organizations computers via any electronic service. Domains EDI covers: traditional business facets: inquires, planning, purchasing, acknowledgments, pricing, order status, scheduling, test results, shipping and receiving, invoices, payments, and financial and business reporting. Additional standards: interchange of data relating to security, administrative data, trading partner information, specifications, contracts, distribution.. EDI History Electronic transmission started during 1960s. Initially main focus was for road and rail transport industries. In 1968, the United States Transportation Data Coordinating Committee (TDCC) was formed. This committee coordinated the development of transla...

Industry experts predict a glorious future of ecommerce in the 21st century. In the foreseeable future e-commerce will establish itself as a major tool of sale, at least past results shows it will!! With popularity of e-shopping it is inevitable that ecommerce will become an inseparable part of web. It has been observed that each year number of ecommerce deals is growing enormously. Statistics shows that sales volumes of on-line stores is much more as compared to “brick-and-mortar” ones. This tendency will likely continue as lots of people are “jugged” by work and with personal priorities and Internet no doubt saves a lot of time and provides opportunity to choose goods at the best prices. Present-day Internet sales boom no doubt lays foundation for magnificent future of ecommerce. Since Internet has excluded geographical factor from the sale, “quantity to quality” tendency of ecommerce is being appreciated. It doesn’t matter any more whether your store is situated in UK / US / Indi...

Leading Players (Source: www.dell.com) Things you should know about Dell: Most of the Fortune 100 companies want to do business with Dell. Dell has emerged as the preferred desktop and laptop of enterprises in the US and Europe. Dell has emerged as No. 1 PC supplier to small and medium businesses in the United States for 10 years in a row Dell has emerged as the world’s leading provider of flat panel displays. About 140,000 systems shipped per day, on average – that’s more than one every second. The 10 largest U.S. companies run on Dell. The top 6 Internet service companies run on Dell. The top 5 U.S. commercial banks run on Dell Isn’t aforesaid data cool! Yes, one of the most successful e-commerce companies: Dell. Dell, Inc. is a multinational corporation that develops, manufactures, sells, and supports personal computers and other computer-related products. Dell grew during the 1980s and 1990s and has emerged as the largest seller of PCs and serv...

Main players on this playground Some of Best E-Commerce Sites (Source: www.time.com/time/digital/reports/ecommerce/25best.html) Best Overall Name of Website / Portal Some glimpse over same   Amazon.com A third of the people who buy online shop at Amazon.com.   Dell The pioneer of direct computer sales online is selling $30 million worth of gear a day from its website, so it’s obviously doing something right.   IQVC You might expect the king of TV-based shopping to make a seamless leap to the Internet, having distribution and customer service already in place. BEST AUCTIONS EBay It isn’t just the never-ending cavalcade of inventory -- 250,000 new items are put up for auction every day here -- that keeps its 5.6 million registered users hooked. EBay figure d out that trust means everything to e-commerce. OnSale Part outlet store and part liquidator’s auction, the best feature of the auction half is that it never refers to people who purchase ...