History of Ecommerce

By TM96

  • The Beginning

    The Electronic Data interchange replaced the old traditional methods of mailing and faxing of data, with a digital transfer of data from one computer to the next.
  • Period: to

    History of Ecommerce

    Ecommerce orelectronic commerce, is the buying and selling of products or services via the Internet. For many users, ecommerce is something we participate in on a daily basis.
    Nowadays the thought of living without ecommerce seems nearly imposssible, complicated and an inconvenience to many. It wasn’t until only a few decades ago that the idea of ecommerce had even appeared.
    Ecommerce was initially introduced 40 years ago and still contiues to grow.

  • The Teleshopping

    In this year, Michael Aldrich an English inventor, decided to connect a television set to a transaction processing computer, along with a telephone line , and created what he called "teleshopping', which simply means shopping from a distance.

  • The Minitel

    France launched the precursor on to the internet, they called it "The Minitel". the Minitel was made available for free for the telephone users and it also managed to connect millions of users to a coputering network.

  • The Hypertext Project

    A short wile after the Minitel was launched, Time Berners Lee and his good friend Robert Cailiau publisheed a proposal to build a 'Hypertext Project', which they named the WorldWideWeb. in the very same year, Le, created the first web server and wrote the first web browser.

  • Web Debute

    Tim didnt just stop there, he then went on and debuted the web he was working on.

  • The Minitel continues to grow

    With the launch of the Minitel just a few years earlier,the system peaked and was slowly starting to meet its demise after the success of the internet three years ago.

  • The Book

    The book, Future Shop: How Technologies Will Change The Way We Shop And What We Buy, provided insight and predictions on the future of consumerism. An overview of the book explains:
    For hundreds of years the marketplace has been growing more complex and more confusing for consumers to navigate. Published in 1992, long before the Internet became a household word. Future Shop argued new information technologies, combined with innovative public policies, could help consumers overcome the confusion.

  • The Amazon

    The largest online retailer in the world Amazon, launched in 1995 as an online bookstore. Brick-and-mortar bookstores were limited to about 200,000 titles and Amazon, being an online only store, without physical limitations was able to offer exponentially more products to the shopper.

  • Ebay Debute

    Hold on, we're not done yet. Another major success story of the dot com bubble was Ebay, an online auction site that debuted in 1995. Other retailers like Zappos and Victoria Secret followed suit with online shopping sites; Zappos being a web only operation

  • Yahoo and Google

    So much development in one year. Also in 1995, was the inception of Yahoo followed by Google in 1998, two leading search engines in the US. These successful web directories began their own ecommerce subsidiaries with Google Shopping and Yahoo! Auction, in following years.

  • PayPal

    Global ecommerce company, PayPal, began its services in 1998 and currently operates in 190 markets. The company is an acquired bank that performs payment processing for online vendors, auction sites, and other commercial users. They allow their customers to send, receive and hold funds in 24 currencies worldwide. Currently, PayPal manages more than 232 million accounts, more than 100 million of them active.

  • The Amazon

    The Amazon didnt just end there, in 2001 it went on and launched its first cpmmercial site.

  • Payment Card Industry Security

    The PCI was formed in 2004, too ensure that businesses are meeting compliance with the various security requirements. The organization was created for the development, enhancement, storage, dissemination and implementation of security standards for account data protection. With the growing rate of the internet and all other devices will see that technology will evolve and expand.

  • Ecommerce continues to grow

    With mobile commerce gaining speed, more users are purchasing from the palm of their hand. The market for mobile payments is expected to quadruple by 2014, reaching $630 billion in value. Total sales in ecommerce have grown