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A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, payment instruments such as payment cards, people, rules, procedures, standards, and technologies that make its exchange possible. [1] [2] A payment system is an operational network which links bank ...
In 1996, the National Institute of Standards and Technology defined electronic data interchange as "the computer-to-computer interchange of a standardized format for data exchange. EDI implies a sequence of messages between two parties, either of whom may serve as originator or recipient. The formatted data representing the documents may be ...
e. E-procurement ( electronic procurement, sometimes also known as supplier exchange) is the business-to-business or business-to-consumer or business-to-government purchase and sale of supplies, work, and services through the Internet as well as other information and networking systems, such as electronic data interchange and enterprise ...
B2B e-commerce. B2B e-commerce, short for business-to-business electronic commerce, is the sale of goods or services between businesses via an online sales portal. In general, it is used to improve the efficiency and effectiveness of a company's sales efforts.
One of the key benefits of ERP; the concept of integrated system, is often misinterpreted by the business. ERP is a centralized system that provides tight integration with all major enterprise functions be it HR, planning, procurement, sales, customer relations, finance or analytics, as well to other connected application functions.
A recommender system, or a recommendation system (sometimes replacing "system" with terms such as "platform", "engine", or "algorithm"), is a subclass of information filtering system that provides suggestions for items that are most pertinent to a particular user. [1] [2] [3] Recommender systems are particularly useful when an individual needs ...
An Inter-organizational system is an information system shared by one or more suppliers and customers. Organizations might pursue an interorganizational system for the following reasons: Reduce the risk in the organization. Pursue economies of scale. Benefit from the exchange of technologies. Increase competitiveness. Overcome investment barriers.
Electronic governance or e-governance is the application of information technology for delivering government services, exchange of information, communication transactions, integration of various stand-alone systems between government to citizen (G2C), government-to-business (G2B), government-to-government (G2G), government-to-employees (G2E) as well as back-office processes and interactions ...
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