Stephen C. Williams Topic # 13 MIS – MWF 1:00pm

1.Introduction………………………………………………………..1 2.History…………………………………………………………….2 3.Current Use……………………………… ……… Current & Future Competition.……… …..……….5 5.Benefits of E-Commerce………………………………………….6 6.Future Direction………..………………………….……….....…..7 7.Interview…………………………………………………………8 8.Conclusion………….………..………………………….……….....…..9 9.Bibliography…………………………………………………………….10

Business to consumer transactions are what made this country what it is today. Whether it was coins, cash, check, or even IOU’s, transactions between the two have been around for centuries. As we move into the information age, business to consumer transactions have not been expanded to an exchange within the internet. Transactions between business’ and consumers’ can now happen without the meeting in person. E-commerce has been born. 1

In 1968, the emergence of Electronic Data Interchange (EDI) allowed different companies to perform electronic dealings with each other. It wasn't until 1984 that the ASC X12 standard established itself as a reliable means to handle a large number of transactions. In 1992, the Mosaic web-browser was made available, it was the first ‘point and click’ browser In May 1998, DSL expanded across California. This technology allowed people who where previously connecting to the Internet at 28.8 kilobits per second to now connect at 50 times that speed. 2

Online Bank Transactions Withdrawals Deposits Transfers Online Shopping Amazon.COM EBay.COM Walmart.COM 3

Online Investing Trading Buying Stock Selling Stock Online Accounts Payable Paying Bills Paying Rent Paying for Services 4

5 Current Competition In-Store Transactions Home Shopping Catalog Shopping Future Competition Cell phone/ Handheld Device Transactions

6 Global connectivity through the internet Reduced communication cost Lower Transaction Cost Faster Transactions

E-commerce will be soon be mobile E-commerce will be instantaneous E-commerce will be automatic E-commerce will be more secure 7

E-commerce has came a long way since the birth of the internet. With the way technology is going, who knows what will be possible in the near future. E-commerce will only get better and transactions between the business and consumer will only grow and get stronger as well, it is only a matter of time. 9

Connelly, Ginger. Internet Benefits to Organizations. e.htm 10 Electronic Commerce – Abstract. Mouton, Brandon. Telephone Interview. 23 Oct ( ) Basic Introduction to Electronic Commerce How Stuff Works