NOTE: Free essay sample provided on this page should be used for references or sample purposes only. The sample essay is available to anyone, so any direct quoting without mentioning the source will be considered plagiarism by schools, colleges and universities that use plagiarism detection software. To get a completely brand-new, plagiarism-free essay, please use our essay writing service.
One click instant price quote
E-Business 400 Today more and more companies and commercial institutions appreciate the advantages of the Internet Commerce and their number rapidly increases. The term B 2 C or business-to-consumer, the exchange of services and products from a business to a consumer now primary in the internet commerce and B 2 C Internet business projects have influenced the expanding of the Internet and it can be traced through the growth of such B 2 C sites at Amazon and Woolworth. There are two major drawbacks in the Internet B 2 C Business. First, when the market is sour, such B 2 C businesses are the first to collapse. Second, such businesses are largely dependant on the Internet information systems and they should fully acknowledge the amount of risks in such dependence. On a regular basis we hear about the Internet crimes and collapses of business projects.
In comparison to the state of the B 2 C business in its earlier state at the present time the companies are mo conscious with legal and regulatory issues directed on protecting the businesses and assuring the clients in their stability. Shareholders also need to be sure that all the risks of security breeches are being detected, observed and prevented but confidence of the consumer is the major condition of the B 2 C service. The Internet consumers need to be assured that the online merchant will securely handle the financial information. Regulatory issues are the main factor of supporting consumers confidence by safeguarding specific business standards and establishing legal frameworks that provide the consumer protection as well as legal clarity for operating merchants. The holders of Amazon conduct payment by credit card. Payment by credit card is the most popular way but at the same time the most unsecured.
Computer crimes are usually successful in breaking into information systems by exploiting poorly set-up security solutions and human factor such as the non-changing of password. With fear of security of credit cards the some sites solve the security problem by conducting the payment through PayPal site. On a PayPal site all the credit card information and users details are kept on a secure server. Each time the user make a purchase the sum is automatically transferred from your PayPal account (via credit card debit) to the website's PayPal account. Such choice provides a degree of security, but it required a great amount of trust to the third party.
The amount of businesses that choose PayPal and other such payment services tends to grow and will certainly continue. But according to the security survey conducted by Ernst & Young 73 % of the Internet Businesses are dissatisfied with the outsourced providers. In search for the best security some sites apply a funds transfer service. Woolworth site alternatively solved the payment security problem in a different way. On this site payment is done by direct debit from a user's bank account. Unfortunately all these methods are still not perfect.
First, most of these methods are domestic in character and not suitable for the international commerce because the international transaction should pass many jurisdictions. Consequently the Internet purchase availability excludes most of the East European countries (Amazon, Wallmarth). This is already one of the major drawbacks because the considerable amount of consuming capability is encompassed by the B 2 C companies. Second, no wholly secure system exists.
The security breeches may present a serious risk to the Internet commerce. IT risks represent business risks, and maintenance of a security strategy is key factor to ensure that B 2 C business runs smoothly and uninterrupted by unwelcome intrusions. The checking of any IT system vulnerabilities on daily basis is absolutely essential. All B 2 C companies should develop new effective measures and strategies for securing their business. These measures open the opportunity for the companies to draw more benefit and attracting not only domestic but also international consumers.
Bibliography. 1. E-commerce. Internet Governance Information Service. 11 Dec. 2000 web policy and B 2 B marketplaces> 2. Business to consumer. Darwin. 16 Aug. 2004 < web >
Free research essays on topics related to: payment, internet commerce, information systems, credit card, b 2 c
Research essay sample on B 2 C Credit Card
