Online Systems ... A glimpse of the future!

E Banking

Online banking is an electronic payment system that enables customers of a financial institution to conduct financial transactions on a website operated by the institution, such as a retail bank, virtual bank, credit union or building society. Online banking is also referred as Internet banking, e-banking, virtual banking and by other terms.

What is meant by online transaction?

Online transaction processing, or OLTP, is a class of information systems that facilitate and manage transaction-oriented applications, typically for data entry and retrieval transaction processing.

What is meant by E-shopping?

Online shopping or e-shopping is a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browser.

What are online auctions?

Online auctions are places that people can go in order to buy or sell goods or services online for a small fee. Anyone can sell an item and anyone can bid on an item.

Advantages:

1) Merchandise has exposure to the traffic of the online auction site.

2) If an item is popular, bidders can push the price up beyond its starting price.

3) You can add multiple photos with different views.

4) You can add detailed decriptions and shipping information.

5) Some sites offer promotions with no listing fees or other specials for a

limited time.

Disadvantages:

1) The item may not sell, you'll have to re-list it, and pay an additional fee.

2) A buyer may bid and not pay, resulting in a lost sale and a re-listing fee.

3) It is time-consuming to add a category, descriptions, price, shipping

method, and photos to a listing.

4) It is time-consuming to promote listings to drive traffic to auctions.

5) People may try to convince you to close a listing and sell to them off the site.