E-Commerce Transaction Technologies
Describe the purpose of E-Commerce technologies and identify at least 3 technologies used in E-Commerce Web-Applications to facilitate transaction functionality.
payment gateway
One of the most vital components of E-Commerce systems is the payment gateway. Payment gateways like PayPal, Stripe, and Square securely process online payments by encrypting sensitive financial data. They act as intermediaries between the E-Commerce platform, the customer’s bank, and the merchant’s account. The technology verifies payment details, approves the transaction, and ensures that funds are transferred accurately, all within seconds. Without these systems, online transactions would be highly vulnerable to fraud and technical failure.
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E-Commerce Transaction Technologies
shopping cart system
Another critical element is the shopping cart system, which allows customers to select and store products before purchasing. The system handles multiple essential functions such as price calculation, inventory checks, tax estimations, and shipping costs. This interactive element provides users with a familiar and intuitive shopping experience, encouraging them to complete their purchase.
SSL (Secure Sockets Layer) encryption
This another fundamental E-Commerce technology. It secures the communication between a customer’s browser and the web server by encrypting the data exchanged.SSL encryption plays a crucial role during checkout by securing personal and financial information. Users trust websites with SSL certificates, and search engines often rank them higher.
