Browsing: economic and a managerial perspective

Introduction.The basic function of money is to be exchanged by means of payment depending on the requirements and characteristics of trade. Conducting payments must be made in optimal conditions, thus ensuring fluency and safety of the entire payment process. Currency must react to modern means of payment, being influenced by external economic environment, society, contemporary civilization, conducting more frequent payments through banks and evolving to sign electronic monetary impulse, breaking total real value of the currency of contents constituting challenges and responses of the coin.

Aim of the study. Our research focuses on issues related to the payments sector, the Smartcard, the Electronic Banking, payment systems based on bank cards, the Cyber cash, and the electronic payment systems (1) Net Cash and (2) E-Cash, Micro-payment systems with (1) Millicent and (2) Cyber Coin, as well as the electronic check payments.
Keywords: electronic payment system, payments sector, smartcard, electronic banking, bank cards, cyber cash, net cash, e-cash, micro-payment systems, Millicent, cyber coin, electronic check payments, development, economic and a managerial perspective

Introduction. Electronic commerce or e-commerce is the electronic transaction performed using any computer. Such trade means, specifically, any exchange between a seller and a buyer who visits a web site that is performed after a commercial transaction.

Aim of the study. This paper aims to presents the electronic commerce with its definitions, historical evolution and importance, it’s the main forms, the advantages and disadvantages of e-commerce, the electronic commerce versus traditional commerce as well as the electronic commerce in Romania. In this research we have emphasised the role and the importance of the e-commerce in comparison with the traditional commerce, stressing the fact that it has many advantages that underpin the on-going development and success of this trade: time; the availability of virtual stores: program almost non-stop, every day of the year; the possibility of free decision; the possibility of purchasing products even outside the borders of the country the buyer; communication, particularly internationally, low cost, the relations with suppliers and customers and its importance for small businesses using e-commerce which can compete with large companies.
Keywords: electronic commerce, traditional commerce, development, supply chain management, customer relationship, economic and a managerial perspective, Romania’s experience.