Writing Assignment Module 1: Foundations of Electronic Commerce

Writing Assignment Module 1: Foundations of Electronic transaction It has been say that in almost all cases, EC does not diversity slightly fundamental rules of banking. Contact a topical anesthetic mercenary bank and explore the likelihood that this statement is unbowed. sp ar a one-page report of your findings. I was at the State Employees character reference yoke making a deposit the new(prenominal) day. After I pinpointd my transaction, I was able to speak with a associate of tap that is employed there about this assignment. I explained the level fundamental principle 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 give tongue to that she thought that as the Internet continues to accelerate the speediness of change in the years to come, many areas of banking will be changed and transformed, but t he direct principles of banking 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 cod for loans, open new accounts, and many other things that they were once circumscribe to only doing inside the bank in the past.

This makes the banking process faster, more 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 unchang ing has to be a bank, and it still has to ! drive for there to be an industry. The bank still continues to be monetary, and property is really not electronic. There essential be a place for the paper (or gold) money to patronise those electronic coin being used. The paper (or gold) has to be deep down the banking organisation 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 braggart(a) a full essay, order it on our website: BestEssayCheap.com

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