E-commerce is about buying and selling information, products and services via
computer networks such as the Internet and Electronic Data Interchange (EDI). Ebanking is one form of e-commerce. The term commerce is viewed rather narrowly
by some as transactions conducted between business partners. However, for the
purpose of this book, a broad scope definition by Kalakota and Whinston (1997)
will be used. They define e-commerce from the following perspectives: