Writing Assignment Module 1: Foundations of Electronic Commerce

Writing Assignment staff 1: Foundations of Electronic Commerce It has been formulate that in almost wholly cases, EC does not novelty slightly fundamental rules of banking. play a local mercenary bank and explore the likelihood that this statement is unbowed. Write a one-page report of your findings. I was at the State Employees Credit twosome making a bond the new(prenominal) day. After I pinpointd my transaction, I was able to speak with a associate of mine that is apply at that emerge well-nigh this assignment. I explained the level basics and asked her musical themes about the statement E-Commerce does not win over some fundamental rules of banking and her panorama 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 pelt along the speediness of change in the eld to come, many areas of banking go forth be changed and transformed, but the guiding principles of banking will always remain the same. In the present time, banks are apply new technology that allows consumers to completed most all of their banking proceedings online and without going into the institution. A consumer whitethorn even apply for loans, plain-spoken new accounts, and many some other things that they were once restricted to just now doing inside the bank in the past.

This makes the banking process faster, more efficient, and easier for everyone. The banking fabrication has surely adapted with the clock and technology. Regardless of what occurs online in the banking industry, on that point unchanging has to be a bank, and it placid has to contain for there to be an industry. The bank still continues to be monetary, and money is rightfully not electronic. There inwrought be a place for the paper (or gold) money to bear out those electronic funds existence used. The paper (or gold) has to be tardily down the banking system in order for it to operate. This simply proves that Banking cannot completely operate on an online institution as some companies do.If you deprivation to go bad a full essay, order it on our website: Orderessay

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