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Table of Contents
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Chapter 8
Chapter 9
Chapter 10
Chapter 11
Chapter 12
Chapter 13
Chapter 14
Chapter 15
Chapter 16
Chapter 17
Chapter 18
Chapter 19

Chapter 14 · The Mechanics of Electronic Commerce

Review

At this time the market is still reaching to come up with convenient and standard payment mechanisms.

Online transactions are executed using an HTML technique called the common gateway interface.

Living in today's world requires that we pay attention to our security. Selling online requires attention to Network security and cryptography.

Activities

Be prepared to talk about how companies such as First Virtual, CyberCash and DigiCash are attempting to produce trust in the marketplace. How would you rate the convenience of purchasing with the proposed payment mechanisms? Do any of these plans beat out good old fashioned credit cards with their $50 individual liability? At this time Visa has over 400 million card holders. That is a lot of market momentum. And will merchants accept anonymous cash and forego the possibility of establishing relationships with their customers?

Additional Information

Sullivan, Eomann, "Outsource the commerce in electronic commerce", PC Week, December 8, 1997.

Michael Peirce at Dublin College has studied payment mechanisms designed for the Internet.

Copyright 1998 by Digital Springs, Inc. All Rights Reserved.