Electronic commerce

(EC).

The exchange of business information from one organisation to another in an electronic format in some mutually agreed standard.

EC includes unstructured electronic messaging such as facsimile (fax) or electronic mail (Email) as well as Electronic data interchange (EDI) formats.

See also

• Electronic data interchange
• Faster Payments Service
• Foreign exchange portal
• Value-added network
• Immediate payments and the impact on corporate treasurers