Sample E Commerce File

7/31/2019 Sample E Commerce File

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Submitted in Partial Fulfillment of the requirement of degree in

Master of Business Administration

Batch: 2008-2010

Submitted To: Submitted By:

ANUBHAV LUTHRA ARIF ALI KHAN

LECTURER MBA 4th

SEM

C0560020

SDIMT

SHEELA DEVI INSTITUTE OF MANAGEMENT

AND TECHNOLOGY, FARIDABAD

E-COMMERCE


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INTRODUCTION TO E-COMMERCEInternet has become an important medium for doing global business

based on the state of the art technology. Electronic commerce has two

major aspects: economical and technological. The stress of this course will

show you how to get started in the complex and exciting world of Electronic

Commerce. New standards and new facilities are constantly emerging and

their proper understanding is essential for the success of an operation, and

especially for those who are assigned a duty to select, establish, and

maintain the necessary infrastructure.

What is e-Commerce?

E-commerce is an emerging concept that describes the process of buying

and selling or exchanging of products, services, and information via

computer networks including the internet.

Definition of E-Commerce from Different Perspective

1. Communications Perspective

EC is the delivery of information, products/services, or payments over

the telephone lines, computer networks or any other electronic means.

2. Business Process Perspective

EC is the application of technology toward the automation of business

transaction sand work flow.

3. Service Perspective

EC is a tool that addresses the desire of firms, consumers, and

management to cut service costs while improving the quality of goods and

increasing the speed of service delivery.


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4. Online Perspective

EC provides the capability of buying grand selling products and informationon the internet and other online

Advantages of e-Commerce

Access new markets and extend service offerings to customers Broaden current geographical parameters to operate globally Reduce the cost of marketing and promotion Improve customer service Strengthen relationships with customers and suppliers Streamline business processes and administrative functions

Business Applications

Marketing, sales and sales promotion Pre-sales, subcontracts, supply Financing and insurance Commercial transactions: ordering, delivery, payment Product service and maintenance Co-operative product development Distributed co-operative working Use of public and private services Business-to-administrations (e.g. customs, etc)

Transport and logistics Public procurement Automatic trading of digital goods Accounting Dispute resolution


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History of E-commerce

The history of e commerce is a history of how Information Technology

has transformed business processes. Some authors will track back the

history of e commerce to the invention of the telephone at the end of last

century. EDI (Electronic Data Interchange) is widely viewed as the beginning

of ecommerce if we consider ecommerce as the networking of business

communities and digitalization of business information. Large organizations

have been investing in development of EDI since sixties. It has not gained

reasonable acceptance until eighties. EDI has never reached the level of

popularity of the

Web-based ecommerce for several reasons:

High cost of EDI prohibited small businesses and medium-sizedcompanies from participating in the electronic commerce;

Slow development of standards hindered the growth of EDI; and The complexity of developing EDI applications limited its adaptation to a

narrow user base.

The Internet and the Web

The Internet was conceived in 1969, when the Advanced Research Projects

Agency (a Department of Defense organization) funded research of

computer networking. The Internet could end up like EDI without the

emergence of the World Wide Web in 1990s. The Web became a popular

mainstream medium (perceived as the fourth mainstream medium in

addition to print, radio and TV) in a speed which had never been seen

before. The Web users and content were almost doubled every a couple of

months in 1995 and 1996. The web and telecommunication technology had

fueled the stock bubble in the roaring 90s and eventually pushed NASDAQ


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over 5,000 in 2000 before it crashed down to 1,200 in 2002. XML and Web

Services Besides the availability of technical infrastructures, the popularity of

the Web is largely attributed to the low cost of access and simplicity of HTML

authoring, which are the obstacles of EDI development. The Internet and the

Web have overcome the technical difficulty of EDI, but it has not solved the

problem of slow development of e commerce standards. XML, as a meta

markup language, provides a development tool for defining format of data

interchange in a wide variety of business communities. Web Services offers

a flexible and effective architecture for the implementation.

There is no doubt that XML and the Web Services will shape the course

of e commerce in years to come.

Concepts of Electronic Commerce

Electronic commerce is narrowly defined as buying and selling

products/services over the Internet. The concept has been broadened to

include all business activities of a sales cycle. The distinction between E-

commerce and E-business has become blurred. Ecommerce and Electronic

Commerce has been used interchangeably, Electronic Business, however,

has not been a widely accepted terminology. David Kosiur described the

Components of Electronic Commerce in three dimensions (Processes,

Institutions and Networks) in his 1997 book Understanding Electronic

Commerce. We expand Institutions as E-commerce Players, Networks as

Technologies and add Markets as the fourth dimension of E-commerce.

E- Commerce In Action How e-Commerce Works

The consumer first moves through the internet to the merchants web site.

At the web site, the consumer is briefly given an introduction to the product

or services the merchant offers. It is at this point that the consumer makes


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the decision to visit the web store by clicking on a link or button located on

the web page (e.g., Buy Now, Shop Online, or an image of a shopping cart

button are common entry points into a web store). After choosing to visit the

web store, the consumer is typically connected to an online transaction

server located somewhere else on the internet which runs software

commonly referred to as a shopping cart application. The shopping cart

application has been setup by the merchant to display all products and

services offered, as well as calculate pricing, taxes, shipping charges, etc.

From there, the consumer decides that he wants to purchasesomething, so

he enters all pertinent credit card information and a sales order is produced.

Depending on the ecommerce implementation, the sales order can now take

two totally different paths for confirming to the consumer that the order is

officially placed.

Scenario 1

The consumers credit card information goes directly through a private

gateway to a processing network, where the issuing and acquiring banks

complete or deny the transaction. This generally takes place in no more than

5-7 seconds and the consumer is then informed that the order was received,

the credit card was authorized, and that the product will ultimately be

shipped.

Scenario 2

The consumers entire order and credit card information is

electronically submitted back to the merchants server (usually via email,

FTP, or SSL connection) where the order can be reviewed first and then

approved for credit card authorization through a processing network. The

consumer then receives an email shortly afterwards, confirming the order

being received, the credit card being authorized, and status on when the


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product will exactly be shipped. In both scenarios, the process is transparent

to the consumer and appears virtually the same. However, the first scenario

is a more simplistic method of setting up a shopping cart application and

does not take into consideration any back office issues that may delay

shipment (i.e., items out of stock, back orders, orders submitted after office

hours or during holidays, etc.). ManageMores ecommerce Manager relies on

the second scenario to handle all of its ecommerce orders. This second

scenario keeps the consumer accurately informed throughout the entire

ordering process.

For the sake of this tutorial, we will assume an ecommerce implementation

that uses the second scenario mentioned above. There are several basic

steps you will need to accomplish before becoming Commerce Enabled.

Getting a Merchant Bank Account Web Hosting Web Design Considerations Registering a Domain Name Obtaining a Digital Certificate

Let us review each step in more detail below:

Getting a Merchant Bank Account

In order to be able to accept credit cards, you must apply for an account

with a credit card merchant account provider. This can be relatively easy or

somewhat difficult, depending on which country you live in, and the type of

business you are running. In the past, many businesses would sign up for

credit card processing through their own commercial banking institutions.

However, the internet has now made it simple to shop around for the best

credit card discount rates from an endless amount of merchant account


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providers worldwide. A simple web search on credit card processor should

be enough to get you started. Depending on how you process credit cards

(especially if you plan on using Scenario 1 from the introduction), you may

need to find a merchant account provider that specializes in internet

payment transactions.

When choosing a merchant account provider, the following should also be

noted:

In order for credit card authorization to be automatic from withinManageMore, you must ensure that your merchant account provider has

credit card processors that connect with IC Verify, PC Charge, or

AuthorizeNet (i.e. Intellicharge Interface) software. These products are

sold separately from ManageMore and eliminate the need for merchant

terminal devices or separate time consuming steps to approve credit

cards.

Your merchant account provider must allow you to handle non-swipedcredit card transactions. This refers to transactions where the customer is

not present and only the

credit card number and expiration date are being used for approving thecharges.

When choosing a merchant account provider, you should do a littleresearch on the companys reputation, years in business, and company

size. Constantly changing to a new merchant account provider when your

old one goes out-of business can be costly and time consuming. Avoid merchant account providers that ask for a nonrefundable fee before

you get approved.

Avoid merchant account providers that require 1 or 2 year contractterms. Since there are so many merchant account providers available, it


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doesnt make sense to lock your company into a commitment for any

period of time. Expect merchant account providers to have some form of

a sign up fee after being approved only. These fees can come in the form

of an application fee, processing fee, software fee, etc. Typically expect to

pay around $100 to $500 for getting an account setup to accept credit

cards and sometimes electronic checks.

You should be able to find a merchant account provider that can offer youdiscount credit cards rates ranging from 1.75% to 2.75% and no more

than .25 cent per transaction. If not, contact Intellisoft regarding our

merchant account provider affiliates and the free Intellicharge Interface

just for signing up with them.

You will need a dedicated phone line or data line for processing creditcards and electronic checks. Note: If your computer or local area network

is already connected to the internet, a separate data line will not be

necessary if you use the Intellicharge Interface for electronic payment.

Web Hosting

Web hosting is a very important step in this process, as this is how you gain

a presence on the internet in the first place. There are actually two scenarios

that can be used for web hosting. Scenario1 involves setting up and

maintaining your own web server, while Scenario 2 involves farming out all

web hosting administration to an ISP. (Scenario 1 will not be discussed

further in this article as it pertains to larger organizations which are not

concerned with the high expense of running their own web server, hiring

permanent IT staff, dealing with security, etc.)An Internet Service Provider

(ISP) is a company that

provides you with internet access and limited hard drive space on their web

servers for hosting your web site. You will need to setup an account for

internet access with the ISP of your choice.


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The following should be noted when searching for an Internet Service

Provider:

Always try to find an ISP that can provide a local telephone number foryou to connect to the internet.

Choose an ISP that is known for having few interruptions of service.Choose an ISP that is known for good technical support and has

knowledgeable people familiar with ecommerce sites.

choose an ISP that consistently has fast connection speeds.As with anycompany you do business with, make sure the ISP is reputable.

Now, here is the part that gets a bit tricky to understand. The online

transaction providers that offer the actual web store itself can sometimes be

hosted by your same ISP or may require a completely different provider,

referred to as a Commerce Service Provider (CSP). Many small businesses

tend to choose CSPs for creating a web store because it gives them the

flexibility of choosing a provider that offers competitive pricing and the best

shopping cart application for their needs. Online transaction providers will

usually provide one shopping cart solution they feel is better than the many

others that exist and differ by price, appearance, layout, functionality, and

ease of use.

The following should be noted when dealing with shopping cart applications:

Online transaction providers will either sell or rent you the use of anonline shopping cart application for your business. Be forewarned that

purchasing an online shopping cart application is very expensive. Most

businesses will rent these online web store programs rather than

committing to such a steep investment.


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Rental pricing for the use of shopping cart programs vary depending onnumber of transactions generated a month, number of products listed on

the shopping cart application, and the sophistication of the shopping cart

application itself.

There are a lot of online transaction providers out there, and they all havevarying packages. Deciding on a providers package that fits your needs

is perhaps the most important aspect. In the case of ManageMore, the

eCommerce Manager module was designed to work with specific shopping

cart applications for proper retrieval and processing of web orders.

Web Design Considerations

With little knowledge of HTML and a lot of patience, you can probably create

your own corporate web site with the help of products like Microsoft

FrontPage or DreamWeaver. However, when adding a web store to your

web site, you may want to seek the help of professional web designers to

make the look and feel of your web store consistent with the rest of your

corporate web site. Most shopping cart applications, like

nSoftCart by Mercantec, allow its templates to be modified just for this

purpose. In many cases, the same ISP or CSP you choose can provide

web design and consultation.

Registering a Domain Name

If your business already has a corporate web site implemented, then you

probably already have a domain name and dont need to read this

section.Domain names are the names for computers on the Internet that


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correspond to IP (Internet protocol) numbers to route information to

addresses on the Internet network. Domain names serve as a convenient

way of locating information and people on the Internet. In layman terms,

will it be important to you, for customers to find your web site by typing

123.123.456.456 or by typing somethingsimple to remember like

www.mybiz.com? Registering a domain name is one of the most important

decisions you can make for your online identity. Your domain name says

who you are to your clients, your peers - the whole world. The basics for

registering a domain name are:1. Contact a domain name registrar on the

internet to register for a domain name. There are many to choose from, just

do a web search on domain name registrar to get you started. 2. Select a

unique domain name you would like others to use for finding your web site.

One place to go for checking availability of a domain name is

www.whois.net3. Expect a registration fee of $10 - $100 annually for the

central registrar to keep your domain name active on the internet.There are

many other questions that arise when considering a domain name for your

business that go outside the scope of this tutorial

Obtaining a Digital Certificate

A digital certificate, also known as a SSL Server Certificate, enables SSL

(Secure Socket Layer encryption) on the web server. SSL protects

communications so you can take credit card orders securely and ensure

that hackers cannot eavesdrop on you. Any ecommerce company that

provides you with an online web store will require you to have SSL before

you can use their services. Thankfully, for most people obtaining a digital


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certificate is not a problem. For a minimal fee one can usually use the

certificate owned by the web hosting company where your page resides.

If you are a larger company, however, you may want to get

your own digital certificate. A certificate costs about $125.00 and can be

obtained from Thawte or Verisign.

Electronic Payment Systems

Electronic payment is an integral part of electronic commerce. Broadly de-

fined, electronic payment is a financial exchange that takes place online be-

tween buyers and sellers. The content of this exchange is usually some form

of digital financial instrument (such as encrypted credit card numbers, elec-

tronic checks, or digital cash) that is backed by a bank or an intermediary, or

by legal tender. Three factors are stimulating interest among financial

institutions in electronic payments: decreasing technology costs, reduced op-

erational and processing costs, and increasing online commerce. The desire to

reduce costs is one major reason for the increase in elec-tronic payments.

Cash and checks are very expensive to process, and banks are seeking less

costly alternatives. It is estimated that approximately 56 percent of consumer

transactions in the United States are cash and 29 per-cent are check. Credits,

debits, and other electronic transactions account for about 15 percent of all

consumer transactions, and are expected to increase rapidly. Electronic

transactions numbered 33 billion in 1993 and are ex-pected to climb to 118

billion by the year 2000. For the same period, paper transactions are forecast

to show very modest growth, from 117 billion in 1993 to 135 billion in the

year 2000. Banks and retailers want to wean customers away from paper

transactions because the processing overhead is both labour intensive and

costly.


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The crucial issue in electronic commerce revolves around how consumers will

pay businesses online for various products and services. Currently,

consumers can view an endless variety of products and services offered by

vendors on the Internet, but a consistent and secure payment capability does

not exist. The solutions proposed to the online payment problem have been

ad hoc at best. For instance, in one method marketed by Cyber Cash, users

install client software packages, sometimes known as electronic wallets, on

their browsers. This software then communicates with electronic cash

registers that run on merchants Web servers. Each vendors client works

with only that vendors own server software, a rather restrictive scenario.

Currently, merchants face the unappealing option of either picking one

standard and alienating consumers not subscribing to a standard or needing

to support multiple standards, which entails extra time, effort, and money.

Today, the proliferation of incompatible electronic payment schemes has

stifled electronic commerce in much the same way the split between Beta and

VHS standards stifled the video industrys growth in the 1970s. Banks faced

similar problems in off-line commerce in the early nineteenth century. Many

banks issued their own notes, and a recurrent problem was the tendency of

some institutions to issue more notes than they had gold as back-ing. Further,

getting one bank to honor anothers notes was a major problem. Innovations

in payment methods involved the creation of new financial instruments that

relied on backing from governments or central banks, and gradually came to

be used as money. Banks are solving these problems all over again in an

online environment. The goal of online commerce is to develop a small set of

payment methods that are widely used by consumers and widely accepted bymerchants and banks.


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Overview of the Electronic Payment Technology

Electronic payments first emerged with the development of wire transfers.

Early wire transfer services such as Western Union enabled an individual to

deliver currency to a clerk at one location, who then instructed a clerk at an-

other location to disburse funds to a party at that second location who was

able to identify himself as the intended recipient. Cash was delivered to the

customer only after identity was established. In this scenario, there was no

banking environment; Western Union was a telegraph company. Assurance

of payment relied on the financial stability of the firm. Security was pro-

vided to the extent that Western Union was a privately controlled

transmission facility used to send messages about funds transfer; its lines

were not shared with the public, and transactions were private.

Authentication was provided only by a signature at the other end of the

transmission that verified that the intended party had indeed received the

funds.

During the 1960s and early 1970s, private networking technology has

enabled the development of alternative electronic funds transfer (EFT)

systems. Electronic funds transfer systems have shortened the time of

payment instruction transfer between banks, and in the process have

reduced float. However, EFT systems have not changed the fundamental

structure of the payment system. Many of the so-called payment innovations

over the past two decades have been aimed at minimizing

banking costs such as reserve requirements, speeding up check clearing,

and minimizing fraud. However, the consumer rarely interacted with the

early EFT systems. Recent innovations in electronic commerce aim to affect

the way consumers deal with payments and appear to be in the direction of

a real-time electronic trans-mission, clearing, and settlement system.


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Consumer electronic payment systems are growing rapidly, but the

opportunities are scarcely tapped. In the United States, it is estimated that

only 3 percent of the $460 billion supermarket industry is transacted on

credit or debit cards. Only 1 percent of the $300 billion professional services

area is transacted electronically. Less than 12 percent of business at

gasoline service stations is electronic and less than 1 percent of fast food

restaurants have magstripe readers. The educational market alone is more

than $100 billion today, only 6 percent of which is transacted electronically.

Even more important is the predicted growth ahead. Consumer payments at

the point of sale were $3.6 trillion in 1994, 19 percent of which was on credit

and debit cards [F09S].

Recently, several innovations helped to simplify consumer payments. These

include:

Innovations Affecting Consumers: Credit and debit cards, automatedteller machines (ATMs), stored-value cards, and electronic banking.

Innovations Enabling Online Commerce: Digital cash, electronicchecks, smart cards (also called electronic purses), and encrypted credit

cards.

Innovations Affecting Companies: The payment mechanisms thatbanks provide to corporate customers, such as interbank transfers through

automated clearing houses (ACHs) that allow companies to pay workers by

direct deposits.

Electronic or Digital Cash

Electronic or digital cash combines computerized convenience with

security and privacy that improve on paper cash. The versatility of


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digital cash opens up a host of new markets and applications. Digital

cash attempts to replace paper cash as the principal payment vehicle

in online payments. Although it may be surprising to some, even after

thirty years of developments in electronic payment systems, cash is

still the most prevalent consumer payment instrument. Cash remains

the dominant form of payment for three reasons: lack of consumer

trust in the banking system; inefficient clearing and settlement of non

cash transactions; and negative real interest rates on bank deposits.

These reasons behind the prevalent use of cash in business transactions

indicate the need to re-engineer purchasing processes. In order to

displace cash, electronic payment systems need to have some cash-like

qualities that current credit and debit cards lack. For example, cash is

negotiable, meaning that it can be given or traded to someone else. Cash

is legal tender, meaning that the payee is obligated to take it. Cash is a

bearer instrument, meaning that possession is proof of ownership. Cash

can be held and used by anyone, even those without a bank account.

Finally, cash places no risk on the part of the acceptor; the medium is

always good.In comparison to cash, debit and credit cards have a number

of limitations. First, credit and debit cards cannot be given away because,

technically, they are identification cards owned by the issuer and

restricted to one user. Credit and debit cards are not legal tender, given

that merchants have the right to refuse to accept them. Nor are credit

and debit cards bearer instruments; their usage requires an account

relationship and authorization system. Similarly, checks require either

personal knowledge of the payer, or a check guarantee system. A reallynovel electronic payment method needs to do more than recreate the

convenience that is offered by credit and debit cards.


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Electronic Funds Transfer

Electronic Funds Transfer is used to settle credit card transactions by

transferring funds between the seller and the bank, which has issued the

credit card to the customer. A Clearing House would settle the accounts of

the sending bank and the receiving bank.

Online Catalogs

Online catalogs provide easy access to product information. Consumers

are benefited because they are able to obtain detailed, up to the minute

information about a wide range of products over the Internet, without

having to endure the inconvenience of visiting a showroom. For assisted

selling, a valuable tool is a marketing encyclopedia, an intelligent electron

a companys most current product and service information. It provides a

single point of entry for harnessing and distributing all product information.

Product managers can update information in the database and immediately

broadcast the changes throughout the enterprise. Some critical requirements

of any marketing encyclopedia are the ability to easily create and maintain a

repository of product information; the ability to create multiple searchmechanisms to assist in locating information; and the ability to alert sales

representatives and customers to bundled products and services,

promotions, and complementary products.


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Intelligent Agents

The Intelligent agent is software that assists people and acts on their behalf.

Intelligent agents work by allowing people to delegate work that they could

have done, to the agent software. Agents can, just as assistants can,

automate repetitive tasks, remember things the user might have forgotten,

intelligently summarize complex data, learn from the user and even make

recommendations to the user. In addition to making recommendations to

the user, the agents can also make decisions and perform actions based on

those decisions. One typical use of the intelligent agent may be found in the

exploration of data on the Internet. The Internet can be viewed as a large

distributed Information resource, with connecting systems that are designed

and implemented by many different organizations with various goals and

agendas. The growth of the Internet and correspondingly the vast amount of

Information it holds, presents a problem to the users-information overload.

This causes a problem of locating the relevant information. As a result much

of the information is discarded and processed in a sub optimal manner. The

agent technology may help the user by helping the user get around thisproblem. In times to come it is hoped that agent technology can enhance

the feature of electronic commerce by efficiently matching buyers and

sellers.


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PayPal

PayPal is an e-commerce business allowing payments and money transfers

to be made through the Internet. It serves as an electronic alternative to

traditional paper methods such as cheques and money orders. PayPal

performs payment processing for online vendors, auction sites, and other

corporate users, for which it charges a fee. It sometimes also charges a

transaction fee for receiving money (a percentage of the amount sent plus

an additional fixed amount). The fees charged depend on the currency used,

the payment option used, the country of the sender, the country of the

recipient, the amount sent and the recipient's account type. On October 3,

2002, PayPal became a wholly owned subsidiary ofeBay. Its corporate

headquarters are in San Jose, California, United States at eBay's North First

Street satellite office campus

Debit card

A Debit card is a plastic card which provides an alternative payment method

to cash when making purchases. Its functionality is more similar to writing a

cheque as the funds are withdrawn directly from either the bank account

(often referred to as a cheque card), or from the remaining balance on the

card. In some cases, the cards are designed exclusively for use on the

Internet, and so there is no physical card.[1][2]In potential cases, the card

may be completely different compared to these two examples.

The use of debit cards has become wide-spread in many countries and has

overtaken the cheque, and in some instances cash transactions by volume.

Like credit cards, debit cards are used widely for telephone and Internet

purchases. This may cause inconvenient delays at peak shopping times
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(e.g., the last shopping day before Christmas), caused when the volume of

transactions overloads the bank networks.

In some countries the debit card is multipurpose, acting as the ATM card for

withdrawing cash and as a cheque guarantee card. Merchants can also offer

"cashback"/"cashout" facilities to customers, where a customer can withdraw

cash along with their purchase.

Credit Card

A credit card is a system ofpayment named after the small plastic card

issued to users of the system. In the case of credit cards, the issuer lends

money to the consumer (or the user) to be paid later to the merchant. It is

different from a charge card, which requires the balance to be paid in full

each month. In contrast, a credit card allows the consumer to 'revolve' their

balance, at the cost of having interest charged. Most credit cards are issued

by local banks or Credit Unions, and are the same shape and size, as

specified by the ISO 7810 standard.

Smart Card

A smart card, chip card, or integrated circuit card (ICC), is defined as any

pocket-sized card with embedded integrated circuits which can process

information. This implies that it can receive input which is processed - by

way of the ICC applications - and delivered as an output. There are two

broad categories of ICCs. Memory cards contain only non-volatile memory

storage components, and perhaps some specific security logic.

Microprocessor cards contain volatile memory and microprocessor

components. The card is made of plastic, generally PVC, but sometimes ABS.

Characterstics
http://en.wikipedia.org/wiki/Christmashttp://en.wikipedia.org/wiki/ATM_cardhttp://en.wikipedia.org/wiki/Paymenthttp://en.wikipedia.org/wiki/Plastichttp://en.wikipedia.org/wiki/Moneyhttp://en.wikipedia.org/wiki/Consumerhttp://en.wikipedia.org/wiki/Merchanthttp://en.wikipedia.org/wiki/Charge_cardhttp://en.wikipedia.org/wiki/Credit_card_interesthttp://en.wikipedia.org/wiki/Bankhttp://en.wikipedia.org/wiki/ISO_7810http://en.wikipedia.org/wiki/Integrated_circuithttp://en.wikipedia.org/wiki/Memory_cardhttp://en.wikipedia.org/w/index.php?title=Microprocessor_card&action=edit&redlink=1http://en.wikipedia.org/wiki/Polyvinyl_chloridehttp://en.wikipedia.org/wiki/Acrylonitrile_butadiene_styrenehttp://en.wikipedia.org/wiki/Acrylonitrile_butadiene_styrenehttp://en.wikipedia.org/wiki/Polyvinyl_chloridehttp://en.wikipedia.org/w/index.php?title=Microprocessor_card&action=edit&redlink=1http://en.wikipedia.org/wiki/Memory_cardhttp://en.wikipedia.org/wiki/Integrated_circuithttp://en.wikipedia.org/wiki/ISO_7810http://en.wikipedia.org/wiki/Bankhttp://en.wikipedia.org/wiki/Credit_card_interesthttp://en.wikipedia.org/wiki/Charge_cardhttp://en.wikipedia.org/wiki/Merchanthttp://en.wikipedia.org/wiki/Consumerhttp://en.wikipedia.org/wiki/Moneyhttp://en.wikipedia.org/wiki/Plastichttp://en.wikipedia.org/wiki/Paymenthttp://en.wikipedia.org/wiki/ATM_cardhttp://en.wikipedia.org/wiki/Christmas


22/22

Dimensions are normally credit card size. The ID-1 ofISO/IEC 7810standard defines them as 85.60 53.98 mm. Another popular size is ID-

000 which is 25 x 15 mm. Both are .76 mm thick.

Contains a security system - tamper-resistant properties (e.g. a securecryptoprocessor, secure file system, human-readable features) and is

capable of providing security services (e.g. confidentiality of information

in the memory).

Asset managed by way of a central administration system whichinterchanges information and configuration settings with the card through

the security system. The latter includes card hotlisting, updates for

application data.

Card data is transferred to the central administration system through card

reading devices, such as ticket readers, ATMs etc.

Benefits

Smart cards provide a means of effecting business transactions in a flexible,

secure, standard way with minimal human intervention

VeriSign

VeriSign, Inc. (NASDAQ: VRSN
http://en.wikipedia.org/wiki/Credit_cardhttp://en.wikipedia.org/wiki/ISO_7810http://en.wikipedia.org/wiki/Tamper_resistancehttp://en.wikipedia.org/wiki/Secure_cryptoprocessorhttp://en.wikipedia.org/wiki/Secure_cryptoprocessorhttp://en.wikipedia.org/wiki/Automated_teller_machinehttp://en.wikipedia.org/wiki/NASDAQhttp://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=VRSN&selected=VRSNhttp://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=VRSN&selected=VRSNhttp://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=VRSN&selected=VRSNhttp://en.wikipedia.org/wiki/NASDAQhttp://en.wikipedia.org/wiki/Automated_teller_machinehttp://en.wikipedia.org/wiki/Secure_cryptoprocessorhttp://en.wikipedia.org/wiki/Secure_cryptoprocessorhttp://en.wikipedia.org/wiki/Tamper_resistancehttp://en.wikipedia.org/wiki/ISO_7810http://en.wikipedia.org/wiki/Credit_card

Sample E Commerce File

Documents

Transcript of Sample E Commerce File