The term “e-business” was coined by IBM’s marketing and Internet teams in 1996. Electronic business (e-business), also known as e-commerce, is the way companies use to sell goods and services via the Internet. The past several years have seen an explosion in the world of business technology. Electronic business methods enable companies to link their internal and external data processing systems more efficiently and flexibly, to work more closely with suppliers and partners, and to better satisfy the needs and expectations of their customers.
Some common e-business applications are domestic and international payment system, enterprise content management, group buying, automated online assistants, instant messaging, newsgroups, online shopping, onling banking, electronic tickets. For example, Scotia Bank has mobile app for its online service, which is also called E-bank. Customers are allowed to use smart phone to operate online transaction processing where they can cancel and add services, funds transfer which make it much more convenient to transfer accounts than going to ATM, and other bank activities.
But one issue people worry about e-business is the safety or security. Modern electronic commerce typically uses the World Wide Web, so the potential safety hazard is quite big because all people can enter your company’s e-business system and hit it. Therefore you you need to set up all your bells, whistles, snooping devices and other security measures.
(Read more about e-business safety: http://www.blogadr.com/articles/computinginformationtech/cm11844.html)