CommerceNet is a 501(c)6 organization established in 1994 to promote electronic commerce on the Internet. The organisation initially focused on industry-wide research and programs that have advanced the commercial use of the Internet.
CommerceNet pioneered some of the Internet industry's first milestones including secure transactions and XML messaging. The Silicon Valley–based coalition was backed earlier by companies like Apple Computer and Sun Microsystems, had set up an Internet shopping center allowing individuals and businesses to offer their wares and services via CommerceNet's easy-to-use software. The shopping service uses licensed security technology to protect credit card numbers from electronic theft. It got $6 million in TRP funding (Technology Reinvestment Project) from the federal government (US). [1]
The organisation was founded by Internet commerce pioneer Jay Martin Tenenbaum. CommerceNet embarked on global studies including a controversial study released by CommerceNet and Nielsen Media Research. The study in 1998 found that the rapid increase of Internet users age 16 and older rose 16 percent in North America in nine months, and the number of online consumers jumped 40 percent over the same period. [2] [3]
In Asia, CommerceNet was active in five major regions: CommerceNet China (Hong Kong), CommerceNet Japan, CommerceNet Korea, CommerceNet Singapore and CommerceNet Taiwan. CommerceNet Asia was credited to coordinate and published the first Pan-Asian E-Commerce Survey across national boundaries in 1999. The Survey Report was translated into Japanese, Korean and Chinese.
E-commerce is the activity of electronically buying or selling products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. E-commerce is the largest sector of the electronics industry and is in turn driven by the technological advances of the semiconductor industry.
Iran's telecommunications industry is almost entirely state-owned, dominated by the Telecommunication Company of Iran (TCI). Fixed-line penetration in 2004 was relatively well-developed by regional standards, standing at 22 lines per 100 people, higher than Egypt with 14 and Saudi Arabia with 15, although behind the UAE with 27. Iran had more than 1 mobile phone per inhabitant by 2012.
The Four Asian Tigers are the developed Asian economies of Hong Kong, Singapore, South Korea, and Taiwan. Between the early 1950s and 1990s, they underwent rapid industrialization and maintained exceptionally high growth rates of more than 7 percent a year.
The Voluntary Agency Network of Korea, abbreviated VANK (반크), is an Internet-based South Korean organization funded by the Korean government and established in 1999, consisting of 120,000 South Korean members and 30,000 international members. They refer to themselves as the "Cyber Diplomatic Delegation Group", and are mainly involved in spreading information about Korea to the world. They are politically motivated in their activities and frequently promote the Korean government's claims in various Japan-Korea and China-Korea disputes. Park Ki-Tae, founder of VANK, has said "the project is aimed at isolating Japan". VANK's membership consists mainly of junior high and high school students, although university students also participate.
Online shopping is a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browser or a mobile app. Consumers find a product of interest by visiting the website of the retailer directly or by searching among alternative vendors using a shopping search engine, which displays the same product's availability and pricing at different e-retailers. As of 2020, customers can shop online using a range of different computers and devices, including desktop computers, laptops, tablet computers and smartphones.
The economy of Asia comprises about 4.7 billion people living in 50 different nations. Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. Moreover, Asia is the site of some of the world's longest modern economic booms.
Mondex was a smart card electronic cash system, implemented as a stored-value card and owned by Mastercard.
James Seng Ching Hong is one of the Internet pioneers in Singapore and is recognized as an international expert in the Internet arena. He gave regular speeches at various forums on several Internet issues such as IDN, VoIP, IPv6, spam, OSS and Internet governance issues. Seng also participates actively in several standard organizations and also served on the board/committee of several Internet organizations.
Microformats (μF) are a set of defined HTML classes created to serve as consistent and descriptive metadata about an element, designating it as representing a certain type of data. They allow software to process the information reliably by having set classes refer to a specific type of data rather than being arbitrary.
UnionPay, also known as China UnionPay or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card scheme in mainland China. Founded on 26 March 2002, China UnionPay is an association for China's banking card industry, operating under the approval of the People's Bank of China. It is also an electronic funds transfer at point of sale (EFTPOS) network, and the only interbank network in China that links all the automatic teller machine (ATMs) of all banks throughout the country. UnionPay cards can be used in 181 countries and regions around the world.
The term mobile commerce was originally coined in 1997 by Kevin Duffey at the launch of the Global Mobile Commerce Forum, to mean "the delivery of electronic commerce capabilities directly into the consumer’s hand, anywhere, via wireless technology." Many choose to think of Mobile Commerce as meaning "a retail outlet in your customer’s pocket."
The Taiwan Miracle or Taiwan Economic Miracle refers to Taiwan's rapid economic development to a developed, high-income country during the latter half of the twentieth century.
CJ Group (Korean: 씨제이) is a South Korean conglomerate holding company, operating internationally. It is one of the largest chaebol headquartered in Seoul, South Korea. It comprises numerous businesses in various industries of food and food service, logistics, pharmaceutics and biotechnology, entertainment and media, Pager and Telephone. CJ Group was originally a branch of Samsung.
CommerceNet Singapore is a not-for-profit organisation. It is part of the Palo Alto, California based global CommerceNet consortium of business partners that organises resources from the industry, plans and executes key strategies. CommerceNet Singapore seeks to sustain market initiatives that promote security, innovations and develop human, intellectual, financial and cultural capitals within the self-sustaining enterprise ecosystems.
A payment processor is a system that enables financial transactions, commonly employed by a merchant, to handle transactions with customers from various channels such as credit cards and debit cards or bank accounts. They are usually broken down into two types: front-end and back-end.
The East Asian model, pioneered by Japan, is a plan for economic growth whereby the government invests in certain sectors of the economy in order to stimulate the growth of specific industries in the private sector. It generally refers to the model of development pursued in East Asian economies such as Japan, South Korea, Hong Kong and Taiwan. It has also been used by some to describe the contemporary economic system in Mainland China after Deng Xiaoping's economic reforms during the late 1970s and the current economic system of Vietnam after its Đổi Mới policy was implemented in 1986. Generally, as a country becomes more developed, the most common employment industry transitions from agriculture to manufacturing, and then to services.
Telecommunications in Taiwan comprise the following communication media, deployed in the Taiwan Area of the Republic of China and regulated by the National Communications Commission of the Executive Yuan.
Braintree is a Chicago-based company that primarily deals in mobile and web payment systems for e-commerce companies. The company was acquired by PayPal on September 26, 2013.
E-commerce or electric commerce in Southeast Asia is the buying and selling of products and services over the internet in the countries of Southeast Asia. These practices reached Southeast Asia during the dot-com mania in the 1990s. After the dot-com bust, local e-companies have seen promising growth in this sector.
Tan Tin Wee is a Singaporean bioinformatician and university lecturer. He is an associate professor at the Department of Biochemistry at the National University of Singapore and Chief Executive of the National Supercomputing Center (NSCC) Singapore. As the inventor and founder of multilingual internationalized domain names (IDN) and a pioneer of the Internet, he was inducted into the Internet Society of 2012 along with the founding fathers of the Internet in the first Internet Hall of Fame. He is well known in Singapore and the region for his work on propagating and developing the Internet.