WebFocus provides solutions such as simple online ordering systems, shopping carts, and more complex B2B systems.
The buying and selling of products and services by businesses and consumers are all over the internet. This business practice has exploded in the past few years, and as security measures have improved, more and more consumers are buying goods and services online. This scheme is called e-commerce. Typically, there are three types of e-commerce transactions; business to business, business to consumer, and consumer to consumer.
The process of e-commerce is rather simple and easy to follow. First, the consumer goes through the internet to search for the merchant's website. From there, once the consumer decides that he or she wants to purchase something, he or she is moved to the online transaction server, wherein all the information given is encrypted. After the consumer has placed his or her order, the information moves through a private gateway to a processing network, where the issuing and acquiring banks complete or deny the transaction. This generally takes place in no more than 5-7 seconds. There are many different payment systems available to accommodate the varied processing needs of merchants, from those who have a few orders a day to those who process thousands of deals daily. With the addition of Secure Socket Layer technology, e-commerce is also a very safe way to complete transactions.