The term e-commerce is used to describe the process of performing financial transactions online. Although implemented today most commonly via the Internet, e-commerce has been performed for years via private networks, such as electronic funds transfers (EFT) by banks. One rapidly growing type of e-commerce is m-commerce (mobile commerce performed via mobile phones or other mobile devices). A brick and mortar store is a traditional store with a physical presence. Internet-only stores are sometimes referred to as dot-coms.