Writing Assignment Module 1: Foundations of Electronic Commerce

Writing Assignment Module 1: Foundations of Electronic transaction It has been say that in almost entirely cases, EC does non diversity slightly primitive rules of banking. Contact a local mercenary bank and explore the likelihood that this statement is unbowed. spell out a one-page report of your findings. I was at the State Employees reference book yoke making a deposit the new(prenominal) day. After I pinpointd my transaction, I was able to speak with a associate of exploit that is employed there about this assignment. I explained the level basics and asked her thoughts about the statement E-Commerce does not change some fundamental rules of banking and her opinion on its validity. She told me that she did believe that this was a true statement. She stated that she thought that as the Internet continues to accelerate the speediness of change in the years to come, many aras of banking will be changed and transformed, but the directing principles of ba nking will always remain the same. In the present time, banks are using new technology that allows consumers to complete most all of their banking transactions online and without going into the institution. A consumer may even oblige for loans, open new accounts, and many other things that they were once qualified to only doing inside the bank in the past.

This makes the banking process faster, much efficient, and easier for everyone. The banking industry has surely adapted with the clock and technology. Regardless of what occurs online in the banking industry, there unchanging has to be a bank, and it still ha s to agree for there to be an industry. ! The bank still continues to be monetary, and cash is really not electronic. There essential be a place for the paper (or gold) money to patronise those electronic specie being used. The paper (or gold) has to be deep down the banking form in order for it to operate. This simply proves that Banking cannot solely operate on an online basis as some companies do.If you want to go questioning a full essay, order it on our website: OrderCustomPaper.com

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