electronic commerce

application, communications (EC) The conducting of business

communication and transactions over networks and through

computers. As most restrictively defined, electronic commerce

is the buying and selling of goods and services, and the

transfer of funds, through digital communications. However EC

also includes all inter-company and intra-company functions

(such as marketing, finance, manufacturing, selling, and

negotiation) that enable commerce and use electronic mail,

EDI, file transfer, fax, video conferencing, workflow,

or interaction with a remote computer.

Electronic commerce also includes buying and selling over the

World-Wide Web and the Internet, electronic fundstransfer, smart cards, digital cash (e.g. Mondex), and all

other ways of doing business over digital networks.

[Electronic Commerce Dictionary].

(1995-10-08)