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Chapter Three

Chapter Three. Electronic Commerce: systematic method to improve communication throughout the value chain. EDI. Eliminate manual entry 90% of large firms 10% of small firms PDA example. FEDI. Your banking and the Federal Reserve Board Automated Clearing House (ACH) Business issues:

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Chapter Three

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  1. Chapter Three Electronic Commerce: systematic method to improve communication throughout the value chain

  2. EDI • Eliminate manual entry • 90% of large firms • 10% of small firms • PDA example

  3. FEDI • Your banking and the Federal Reserve Board • Automated Clearing House (ACH) • Business issues: • Debit cards - can you explain their name? • Documentation - change for customers? • Outsource, or do it ourselves? FVANs

  4. New Business Models • Ag e-commerce summit (Feb. 28, 2000) • CBOT • hand signs and hollering, • or on-line trading? • CFTC • commodities on-line

  5. Impact • Inventory management • NECA - inventory => zero • Human resources • terminations • retraining • growth opportunities • Regulatory issues • electronic withholding and pension • Universities - dead?

  6. System Acronyms • LAN - within building connections • WAN - broad, geographic connectivity • VAN - outsource IT (and phone?) • focus on communication networks

  7. Acronym II • ISP - any examples? What is provided? • Internet - among univ, gov, corp • Intranet - within firm network • Extranet - permit limited access to others on our value chain to our data • VPN - controls access to our extranet

  8. InterNIC.com • VERISIGN AGREED to acquire Web domain-name registrar Network Solutions in an all-stock transaction the companies valued at $21 billion. • Domain registration company

  9. Basic Communications • Satellite • Microwave • Telephone • fiber optics • copper coaxial cable • Broadcasting - fiber to selected satellites

  10. LAN configurations • Star • Costly, due to wiring • Better for continuous operations • Ring • Less expensive • Slower, if a node fails • Bus • easy to modify and cheap • slower, as more nodes are added

  11. WAN configurations • Centralized • all nodes connected to a central computer • problems: less flexible for departments, costly communications • Decentralized • LANs connected to a central computer • problems: data storage redundancies, company communication • Distributed Data Processing • combine best of both

  12. Control Issues • Validity of Transactions • webtrust, VPNs, encryption • Authorization of Transactions • digital signatures, digital certificates • Safeguarding of Assets • next page

  13. Loss of Data • Loss of Confidentiality • information hijacked via nonsecure • Unauthorized Access • hackers, firewalls, company-assigned passwords • Loss of Data • backup, storage, hot and cold sites

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