E-Commerce: Who Bears The Risk Of Fraud In A Banking Transaction
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Written by:
Dorothea J
Date added:
November 23, 2016
Level:
University
Grade:
A
No of pages / words:
17 / 4758
Was viewed:
5617 times
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Essay content:
The advent of the high volume, high traffic electronic commerce space has created high risk which has become a live-in risk. The question today is who bears the risk?
INTRODUCTION
Definitions
eCommerce: This is a short form of Electronic Commerce. It is the buying and selling of goods and services on the Internet, especially the World Wide Web and other computer networks...
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In practice, this term and a newer term, e-business, are often used interchangeably. For online retail selling, the term e-tailing is sometimes used. Electronic commerce is generally considered to be the sales aspect of e-business. It also consists of the exchange of data to facilitate the financing and payment aspects of the business transactions...
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