E-Commerce words Glossary
B
Bank
An
institution that handles savings and checking accounts, issues loans and
credit, and deals in government and corporate issued securities.
Bank
Account
An
account that holds funds within a bank and is subject to additional
deposits and withdrawals.
Batch
Settlement
Each
time an order is placed, it is approved and added to a "batch".
But the funds have not actually been charged against the credit cards nor
transferred to the merchant's bank account. That happens when the business
manager accesses the Backoffice Order interface to first
"capture" the funds for orders in a batch and then to
"settle" the batch. Capturing the funds causes the credit cards
to get charged and the funds to be transferred to the merchant bank
account.
Browser
A
client to a web server that allows the user to read hypertext documents on
the World Wide Web. Netscape Navigator and Microsoft Internet Explorer are
examples of popular web browsers.
Business
Community
a central point where buyers and sellers can
engage in electronic commerce, or build and manage an online business.
http://www.ecplace.com is a free Business Community index that Multiactive
Software provides free of charge to all ecBuilder merchants.
|
