E-COMMERCE
Electronic commerce or e-commerce is the buying and selling of goods and services through internet. It can be transmitting funds or data also. These transactions mainly occur between business to business, businesses to consumer, consumer to consumer or consumer to business.
ICICI BANK’s INTERNET BANKING
In the 21st century internet banking is a convenient way to do banking operations from the comfort of your home, office or wherever you are. It simply avoids unnecessary formalities and reduces delay in transactions. ICIC Bank provides unmatched online experience to their customers through their internet banking. If customers have opened their account recently they will be provided with the User Id and password. Customers have to just log in with their user id and password to enjoy their internet banking facility.
ICICI Bank offers a host of services and facilities to their customers that will give real time access to their accounts. Such features are:
• Transfers
Internet banking is a convenient and secure way to transfer funds to ICICI Bank accounts and non-ICICI bank accounts. Customers can transfer funds 24*7 even Sundays and bank holidays. Customers can do fund transfer, IMPS (Immediate Payment Service), Card less cash withdrawal, fund transfer abroad, receive funds, send money order and donate online.
• Bill Payments
Customers can pay their bills online through internet banking facility. Customers can register their billers to make payments to them. They can
SWOT Analysis Opportunities The Canadian Imperial Bank is placed extremely well with a significant and assured customer base from the level of the government and the public sector business. Many government parties will do business with CIBC because they know that the profits of the Bank belong to the people of the country and are used for the country’s development. Business with the bank is seen to create value and opportunity within the communities economy. The availability of modern telecommunication systems and technology will facilitate the improvement and strengthening of the Bank’s international business and ATM services, and the development of new services, such as telephone banking.
Payment processing is more crucial than ever when people are ordering online, prepaying for their meals on their phones and buying products on eCommerce restaurant websites. Some restaurants are even requiring deposits, prepayments and premium payments for guaranteeing reservations for prime seats and dining times. Payment processing is a critical issue that influences every aspect of the
The new standard requires extensive disclosures than recent revenue standards. Therefore, the consumer may need to revise their systems and processes to gather information about contracts with customers. These standard provide companies with clear instructions on how to account for revenue arising from contracts with customers. The main idea is to recognize revenue when control of the goods or services transfers to the customer, not when the risks and rewards transfer to the
Easy access to your bank account from anywhere to transfer money, view statements, business emails, person to person payment, and bill pay and quicken/QuickBooks. This system eliminates the hassle of standing in lines and traveling to a near location to perform a transaction. Customers can keep track of the accounts daily to detect any fraud of suspected activities. The mobile site has trusted security that included touch ID to log on securely. Mobile banking can be connected to any device to smart tool to access your bank
Companies installed self-checkout for hopes of improving customer service. They are mostly used for
Log in or register to continue. 7. Fill in all the details of billing address and proceed to make the payment. 8. Finally, proceed to checkout and order your items.
There is also the possibility of me breaking laws by accidentally mischarging or mishandling
For example, those who may want to earn money by selling their products online (Start Selling Products Online: Amazon Seller UAE, Amazon.com March 9, 2023), or those who are looking for an alternative payment method. If you are confused, the website has a section at the bottom where customers can be assisted with more information for any inconvenience with no
The act is for those that agree to do business electronically.
2. Digital Commerce Goods and services bought and sold electronically on the internet such as, advertising that supports this, including promotions, prices, obtaining and keeping customers, etc. Technology users need to understand that a large share of market economy is being done electronically (Ribble, 2011) (Gartner, n.d.). 3.
State will have a lot of difficulty to effectively monitor accounts effectively; it will be extremely difficult to keep track of account errors, especially fraudulent transactions. 2. Why might some regulated clients, such as home builders and restaurant
Payment options: Company accepts all major debit card, master cards, Visa Cards and payment through paypal account also. Company is certified from Mcafee and Bizrate customer certified to ensure secure
Causes According to Amin & Noor (2013), the E-consumers generally refer to the purchaser of goods and services over electronic systems such as Internet and other computer networks. This new group of consumers is increasing in number over the years as on-line shopping become a trend and manifestation of modern life style. Based from the Paynter & Lim (2001), E-commerce would provide consumers with benefits such as interactive communications, fast delivery, and more customization that would only be available for consumers through online shopping. Product information in the Internet is more compact and it ranges from various sites.
Metro is the largest wholesale center in Pakistan. It was founded in 2007 and created its 15 wholesale centers within a period of 18 months and metro did their wholesale business merger by July 2012 to start up a long term partnership for both companies. The benefit of this merger was to given financial strength and to combine resources. It is a retailor which mainly focuses on dairy products, fruits and vegetables, bakery, detergents, electronics, grocery, home textile, kid’s world, sweets and chocolates, households and imports. Metro is working with over 2300 employees approximately all over Pakistan.
One of the challenges of e-business is that there are customers that prefer cash on delivery payment method because of limited online payment accesss for credit cards in certain countries. This payment method is a problem for global e-business, as it would delay the transactions of goods and payments. However, it is not a problem for Foodpanda because the food orders delivery is made within the country and hence cash on delivery is accepted. Apart from that, returning policy is also a challenge for e-business as it is more expensive with the addition of shipping and packaging cost. Foodpanda however, does not have a returning policy because the service that Foodpanda provide is a food delivery service, not goods.