Electronic Cheque – modern means of payment in online commerce When electronic data processing was still in its infancy, cashless payment transactions were handled by check deposits. Those days are long gone; today, the electronic check serves as the main means of payment for cashless transactions. The advantages are obvious: both in terms of time […]

Electronic Cash The Electronic Cash payment system is a debit card system of the German Banking Industry Committee. It represents the interests of the leading banking associations and has been operating the electronic cash system since 1990. Payments are made using an electronic cash card (EC card) issued by one of the affiliated banks. Electronic […]

Efficient Promotion Efficient Promotion describes efficient sales promotion and is one of the basic strategies of the ECR concept (Efficient Consumer Response), which aims to reduce costs and respond more efficiently to consumer needs through cooperation between retail and industry. Efficient promotion is designed to ensure a faster and more efficient response to customer demand. […]

Editor An editor is used to create and edit digital data with the help of a computer program. Editors are available for various fields of application. In addition to classic text editors, editors for photos, music, web pages and videos can also be found. In contrast to the former analog editing of data or paper […]

EDIFACT UN/EDIFACT describes one of several international EDI standards, where EDI stands for electronic data interchange. EDIFACT is used across all industries as a format for the transmission of business data and is the abbreviation for “United Nations Electronic Data Interchange For Administration, Commerce and Transport”. The UN agency responsible for EDIFACT is the United […]

EDI – Electronic Data Interchange EDI stands for “electronic data interchange” and refers to the exchange of data using electronic transfer procedures as part of electronic data processing. Today, electronic data interchange in various industries is based on standards that have evolved over the years. Well-known standards include SWIFT in the banking sector and ELSTER […]

EAN128 EAN128 is a technical standard that can be used to assign unique barcodes. These barcodes are used in logistics to simplify the movement of goods, transport and storage. The EAN128 is based on the Code128 and has been officially called “GS1-128” since 2009. Every barcode created according to the EAN128 is uniquely identifiable. Structure […]

EAN The abbreviation EAN stands for “European Article Number”. It designates an identification number with which goods can be uniformly marked all over the world. This allows trade items to be clearly identified internationally. The EAN has actually been replaced by the official designation GTIN (Global Trade Item Number) since 2009, but the term is […]

E-commerce E-commerce generally refers to electronic commerce and trade, or electronic business transactions. However, the term is not clearly defined, so it can refer both to specific areas and to electronic sales in general. A common definition by U.S. authors describes e-commerce as the complete electronic handling of all corporate activities via a network. Forms […]

E-Business The term e-business refers to the handling of entrepreneurial business processes via computer-aided or automated applications. E-business makes use of state-of-the-art information and communications technology. A large proportion of companies’ business processes can be handled via the Internet, for example purchasing, sales, marketing, payment and even customer service. Sales in e-business: e-commerce When a […]

Dropshipping Dropshipping is another term for a drop-ship business characterized by a triangular relationship between online retailer, buyer and wholesaler or manufacturer. Dropshipping is a special type of trade in which the retailer has no direct contact with the goods. Process of a dropshipping transaction A dropshipping transaction differs significantly from a normal online purchase. […]

Distance selling Distance selling is characterized by the fact that the customer does not purchase goods in a retail store but, for example, browses through a catalog, brochure or online store or watches teleshopping programs and then places an order. Depending on the retailer, the order can be placed either by telephone, e-mail, letter, fax, […]