Electronic Trade.

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Electronic Business Khaled M. Elleithy, Ph.D. elleithy@ccse.kfupm.edu.sa Branch of PC Building Lord Fahd College of Petroleum and Minerals Dhahran, Saudi Arabia Web Administrations Email FTP Telnet finger Mailing records USENET WWW Gopher Veronica Archie WAIS
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Electronic Commerce Khaled M. Elleithy, Ph.D. elleithy@ccse.kfupm.edu.sa Department of Computer Engineering King Fahd University of Petroleum and Minerals Dhahran, Saudi Arabia

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Internet Services E-mail FTP Telnet finger Mailing records USENET WWW Gopher Veronica Archie WAIS

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Internet: Strengths and Weaknesses Worldwide network 148 out of 185 UN nations (1995) 73 out of 159 UN nations (1991) Interactive Relatively Inexpensive No focal power Reliability ? Security ?

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Rationale An as of late distributed report by Ernst & Young entitled Internet Shopping reported that 41 percent of US family units have PCs, 20 percent are on the web, with 11 percent all the more wanting to go online inside of the following twelve months, conveying the aggregate up to 1 in 4 US families on the web. 32 percent of those online have obtained online with another 30 percent inspired by web shopping. PC items, books, travel, attire and music are the most generally bought online items.

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Electronic Commerce

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What is Electronic Commerce? Electronic trade is utilizing the systems to encourage the offering and purchasing of merchandise and benefits and related exercises included in the exchange of business. Huge business has been leading electronic trade for quite a while utilizing electronic Data Interchange (EDI)

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Now wide scale electronic trade over the Internet and the World Wide Web (WWW) is getting to be conceivable. Worldwide electronic trade and installments business on the Internet will reach $800 billion inside of five years. A yearly development rate of 16 percent

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Advantages Cut the expense of discovering clients and suppliers *Expand exchanging regions from neighborhood to worldwide Speed the time it takes to buy and get merchandise and administrations Pay for and get products as they are required without needing to depend on extensive inventories

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Disadvantages The discernment that executing business is dangerous for both purchasers and venders The absence of guidelines for advanced cash and other electronic installment frameworks

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New Technologies in Using Internet for Electronic Commerce

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Conventional Electronic Commerce Online lists in hypertext organization Fax, telephony, imaging Electronic requests

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New Technologies Digital money Malls Virtual organizations

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Cash Characteristics: Anonymity Liquidity Weaknesses High danger of theft Expensive to store and move $60 billion a year in USA for transportation

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Electronic Payments Agents: purchaser, dealer, go-between Steps purchaser start exchange with the dealer, merchant requests installment, purchaser gets an accreditation from middle person, purchaser gives the confirmation to the vender, the dealer gives the affirmation to mediator

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Advantages of Electronic Fund Transfer Saved time Reduced expenses for paper taking care of Flexibility ATM

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Disadvantages of Electronic Fund Transfer Non-obscurity Low Liquidity

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Prepaid Cards Advantages Anonymity Security Disadvantages Liquidity

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Digital Cash Steps Withdrawal of the computerized money from client’s digi-money record Transfer of the digi-money to customer and putting away it in an electronic configuration Transfer of digi-money from customer to merchant utilizing Internet administrations (ftp, email, ..) All exchanged digit-money ought to be encoded

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Merits Advantages Anonymity (money) Security (ETF) Low danger of burglary (ETF) Non Expensive to store and move (ETF)

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Problems Liquidity more individuals ought to have entry to the Internet US. Send out confinements on cutting edge encoded frameworks.

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Example: Ecash Developed by Digicash Co. of Amsterdam Implemented by Mark Twain Bank in US. Ecash records: Funds are not stores in the bank Funds are not protected

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Procedure Withdraw Ecash utilizing Internet Store Ecash as a part of hard circle (electronic wallet) Ecash is put away electronically and scrambled Transfer Ecash to others utilizing Internet Encryption Asymmetric RSA 768 bits key size

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Internet Malls on WWW lodging a few thousands retailers The quantity of shopping centers is multiplying consistently

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List of some settled web shopping centers: http://www.homeport-sd.com/commercial center/http://www.industry.net http://www.interwebinc.com http://www.cts.com http://www.shoppping2000.com

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First Virtual Company http://www.fv.com/pubdoscs/fv-austin.txt Four Founders lived in San Diego, Orange province, Silicon Valley, and Northern New Jersey. Framed mid 1994, first item declared October 1994 No Physical workplaces until 15 months after the organization was established (eight months after framework get to be operational) The servers were setup in Cleveland The information 800 numbers were in Portland

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First Virtual Company The voice 800 numbers were in Oregon Marketing from Washington Public relations in San Diego Most of exchanges, showcasing, advertising, upkeep of machines are done through the Internet.

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Internet installment framework Intermediary installment framework Does not transfer on encryption Sensitive data (postal administration) Credit card numbers, PIN numbers (purchaser) Bank account (dealer) Non delicate data (Internet)

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Steps The purchaser issues an exchange utilizing Internet conventions (site pages, email, ftp ,…) The server check for the PIN number An email message is sent to the purchaser to affirm exchange Transaction is started by the installment framework

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Impacts Velocity of cash stream Mastercards (ETF) Digi-money Evolutionary steps gold coins to fiat coin bills in wallet to electrons on hard plate Interest rate edges 40% of premium charged on advances is for branch conveyance and administration costs (citicorp).

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Ambiguities Technological limitations Institutional requirements Financial organizations acknowledgment Consumer acknowledgment

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