sell among themselves. As India second largest populous country and the 3/4 population lives in rural areas and there is a proper need to divert the efforts the entire areas city as well as villages. The application of real options analysis to information technology investment evaluation problems recently has been proposed in the IS literature by Dos Santos (1991), Kambil et al. Time saving: Online banking, undoubtedly, saves time by allowing direct transaction from office, home or any place. E-banking (Internet banking) is an e-commerce application which allows the customers to perform any of the virtual banking functions, financial functions online in a protected and secure manner. However, in an incomplete and undeveloped environment, such as China, there exist a lot of bottlenecks related to information and cost. The use of information technology will not only reduce the costs of operation but also would be effective, easy to maintain, speedier and highly competitive. E-commerce in banking generally refers to a commercial activity that deals in trading services and goods through an electronic communication medium. Data collection about customer behavior, preferences, needs and buying patterns is possible through Web and E-commerce. This article analyzes and compares popular B2B frameworks that attempt to address such issues as interoperability and a significant relationship between the E-commerce application and OP in the banking sector of Pakistan. One combined model is presented and an example of combined B2C and B2B … There follows a description of application of some of the general models regarding the banking business. To establish benefits and challenges in the adoption and usage of e-commerce, 32 variables were used to measure the level of application among these banks. For example, customers and bank relationships will become more personalized, resulting in new modes of transaction processing and service delivery. 318 Implications of e-Commerce for Banking and Finance There are three aspects in which e-commerce can affect banking and finance. These levels of E-commerce development, as well as of analysis, range from the wide-area telecommunications infrastructure to electronic marketplaces and electronic hierarchies enabled by E-commerce. Would you like to have an original essay? Another application e-commerce is Marketing. Even payments can be make using credit cards. What these businesses do is sending clients to different shops in exchange for a commission that they receive once the purchase is completed. Such properties are indeed much more elaborate than authentication ones and require a significant generalization in the way properties are expressed. A bank might set up a web site to provide con-sumers with information about its services. security between enterprises transacting business over the E-banking (internet banking) is an E-commerce application which allows the customers to perform any of the virtual banking functions, financial functions online, in a protected and secure manner. A survey was carried out to achieve the envisaged aims of the study. Proceedings of the 25th International Conference on. A credential mechanism allowing users to prove membership in groups. Driven by inherent weaknesses in traditional paper-based payment methods, networked companies and their customers around the world now have at least three pervasive electronic options to move the numbers between their online accounts. Electronic commerce is defined broadly in the EBIP context as the application of information and communication technologies (ICT) to any of the activities involved in making commercial transactions. But various security problems set up a lot of barriers for its further progress and the security becomes a bottleneck. APPLICATIONS OF E-COMMERCE Following are some of the widely used E-Commerce applications. It involves using the internet for delivery of banking products and services. Electronic bill presentment and payment - EBPP. A seller can easily access worldwide markets despite geographic distance at lower costs, compete with larges companies because of the low barrier to entry, know customers well and then sell more products through tracking purchases and make use of data of customers. consumer (B2C), in which consumers purchase products and services from Internet based electronic commerce is playing a critical role in addressing strategic, mission critical business needs of the companies and hence the companies are making it an integral part of their business strategies. While mobile payments are more often used to describe in-person digital transactions, they are definitely born out of the application of e-commerce in banking endeavors. The research reported on in this paper illustrates the value of applying real options analysis in the context of a case study involving the deployment of point-of-sale (POS) debit services by the Yankee 24 shared electronic banking network of New England. E-commerce is one of those sectors which need more attention if we want to be a part of global business. account transfer, paying a bill, wire transfer and applications apply for a loan,new account, etc.) Easy Access: To perform online banking tasks, all you need is a basic computer system connected to the Web. Faster Banking: Online banking is a faster way of performing banking functions. E-banking has broken the barriers of branch banking. e-commerce market. Today “Electronic Commerce” is a buzz word in all the trade, industry and government all over the world. Internet, ecommerce is divided into three types: B2B (business-to-business), B2C (business-to-customer) and C2C (customer-to-customer). If you need this sample, insert an email and we'll deliver it to you. on Comput. Electronic Commerce Principles and Practice. Bidgoli H. Electronic Commerce Principles & Commun. E-commerce in Banking According to Campbell, Edgar, and Stonehouse (2011), e-commerce refers to the utilization of the internet as a distribution channel to sell banking products and services to either existing or potential customers. This essay has been submitted by a student. E-Commerce has provided the platform that enables the implementation of core banking solutions (CBS). other business channels which have been in existence for several Nowadays e-commerce banking solutions have been upgraded by most banks. This supports discounts. 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