2 1 Explain How Electronic Transactions Can Reduce
Objective:
By the end of the lesson, leaner should be able to;
2.1 Explain how electronic transactions can reduce paperwork and delay(advantages ).
2.2 Examine how EDI has developed and laid the foundations for b2b e-business.
2.3 Evaluate the use of different Electronic Payment
Systems.
1
Electronic Transactions
Bringing this concept into perspective by answering the question. What is Electronic Transactions? (Class discussion).
An act of buying or selling something or sending money electronically, especially over the internet:
[http://dictionary.cambridge.org/dictionary/business-english/electronic-transaction]
2
ElectronicTransactions
Another definition of Electronic Transaction is by Organization for Economic
Cooperation and Development OECD
Definition: An electronic transaction is the sale or purchase of goods or services, whether between businesses, households, individuals, governments, and other public or private organisations, conducted over computer-mediated networks. The goods and services are ordered over those networks, but the payment and the ultimate delivery of the good or service may be conducted on or off-line.
[http://stats.oecd.org/glossary/detail.asp?ID=758]
3
ElectronicTransactions
All Electronic Transactions, starts at the Electronic Point Of
Sale (EPOS) interface. which must comply with the types of business and transactions being carried out.
Transaction is not only buy and sales of goods, different services transaction are also included.
4
Electronic Transaction Architecture
Electronic Transaction ArchitectureThis refers to all the components (both hardware and software), connected to each other and communicates during the electronic transaction.
Major parts of Electronic Architecture are:
1. HardwareComputers, card readers, barcode reader and different
EPOS terminals.
5
ElectronicTransactions Hardware
6
Electronic Transaction Architecture
Softwares/middleware which are installed on the hardware shown above.
[ note that
By the end of the lesson, leaner should be able to;
2.1 Explain how electronic transactions can reduce paperwork and delay(advantages ).
2.2 Examine how EDI has developed and laid the foundations for b2b e-business.
2.3 Evaluate the use of different Electronic Payment
Systems.
1
Electronic Transactions
Bringing this concept into perspective by answering the question. What is Electronic Transactions? (Class discussion).
An act of buying or selling something or sending money electronically, especially over the internet:
[http://dictionary.cambridge.org/dictionary/business-english/electronic-transaction]
2
ElectronicTransactions
Another definition of Electronic Transaction is by Organization for Economic
Cooperation and Development OECD
Definition: An electronic transaction is the sale or purchase of goods or services, whether between businesses, households, individuals, governments, and other public or private organisations, conducted over computer-mediated networks. The goods and services are ordered over those networks, but the payment and the ultimate delivery of the good or service may be conducted on or off-line.
[http://stats.oecd.org/glossary/detail.asp?ID=758]
3
ElectronicTransactions
All Electronic Transactions, starts at the Electronic Point Of
Sale (EPOS) interface. which must comply with the types of business and transactions being carried out.
Transaction is not only buy and sales of goods, different services transaction are also included.
4
Electronic Transaction Architecture
Electronic Transaction ArchitectureThis refers to all the components (both hardware and software), connected to each other and communicates during the electronic transaction.
Major parts of Electronic Architecture are:
1. HardwareComputers, card readers, barcode reader and different
EPOS terminals.
5
ElectronicTransactions Hardware
6
Electronic Transaction Architecture
Softwares/middleware which are installed on the hardware shown above.
[ note that