What will appear in your mind when people mentioned about e-commerce? Most of our answers will be online trading, online transactions or others similar answers. However, did anyone know that originally e-commerce was only used for commercial transactions between companies using EDI and EFT?In the late 1970s, EDI and EFT were introduced, allowing companies to electronically transfer their commercial documents such as purchase orders and invoices. Later, when the use of credit cards, ATM and telephone banking became popular in the 1980s, the e-commerce technology evolved and involved more financial based transactions. However, at this stage, e-commerce was used mainly for B2B transactions.
From 1990s onwards, e-commerce has additionally included ERP, data mining and data warehousing. At the same time, e-commerce has become more popular among the general public. Between 1998 and 2000, many businesses in United State and Western Europe have developed their own website. By this stage, B2C transactions are being introduced to the public when big companies started to offer their products and services on the World Wide Web.
Some examples for the early adopters of e-commerce are:
- Pizza Hut (1994) http://www.pizzahut.com/
- Amazon.com (1995) http://www.amazon.com/
- Dell (1995) http://www.dell.com/
- eBay (1995) http://www.ebay.com/
Nowadays, e-commerce has become more and more acceptable to the public and more forms of business transactions such as B2B, B2C, C2B, C2C are created, and being widely used by the public and companies.
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