-Business and Its Effectiveness on Banking System with Special Reference to Gramya Bank
Journal Title: International Journal of Marketing and Technology - Year 2011, Vol 1, Issue 3
Abstract
What is e-Business? e-Business is a term used to describe businesses run on the Internet, or utilizing Internet technologies to improve the productivity or profitability of a business. In a more general sense, the term may be used to describe any form of electronic business that is to say, any business which utilizes a computer. e-Business, commonly referred to as "eBusiness" or "e-business", may be defined as the application of information and communication technologies (ICT) in support of all the activities of business. Commerce constitutes the exchange of products and services between businesses, groups and individuals and can be seen as one of the essential activities of any business. Electronic commerce focuses on the use of ICT to enable the external activities and relationships of the business with individuals, groups and other businesses. e-Business refers exclusively to Internet businesses. Electronic business methods enable companies to link their internal and external data processing systems more efficiently and flexibly, to work more closely with suppliers and partners, and to better satisfy the needs and expectations of their customers. How e-Business is Applicable in Banking? E-Business is applicable for transactions, which uses computer systems. It comes in several forms such as credit card transactions, electronic fund transfers, online banking ,Automated Teller Machines (ATM), Telephone banking and Money transfer . It provides convenience because it allows regular cash flow that is vital for the existence of a financial organisation in this competitive world.
Authors and Affiliations
Mr. Sanjay Kumar Panda
Keywords
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