E-commerce:
- The processing of economic transactions, such as buying and selling, through
electronic communication. E-commerce often refers to transactions occurring on
the Internet, such as credit card purchases at Web sites. See also
Internet commerce.
EBay
- Founded in September 1995, eBay is the leading online marketplace for the sale of goods and services by a diverse community of individuals and businesses. Today, the eBay community includes 46.1 million registered users, and is the most popular shopping site on the Internet when measured by total user minutes according to Media Metrix.
EDC (electronic data capture)
- The use of a POS terminal for validating and submitting credit card transactions
to a merchant account provider or other credit card processor. In online credit
card processing, software takes the place of the POS terminal.
EditPad Classic
- EditPad is a program by JGSoft.com which is freely available for download from TuCows. EditPad Classic is Postcardware. You can send your postcard to the address at the bottom of this page. EditPad is like Windows notepad.exe on steroids. EditPad Pro is even better! EditPad makes the perfect notepad.exe replacement.
EDI (electronic data interchange)
- EDI is a global computer network, separate from the Internet, used to handle
financial transactions between banks and other institutions.
EFT (Electronic Funds Transfer)
- A method of transferring money from one bank account to another using a variety of
electronic methods such as bank wire transfer, federal wire transfer, international
wire transfer.
EIRF (Electronic Interchange Reimbursement Fee)
- A VISA classification level that is charged to the merchant when a credit card is
not present, swipe not read, card number is manually key entered.
Electronic Wallet
- Software that enables a cardholder to conduct online transactions, manage payment
receipts and store digital certificates.
EMC (export management company)
- A firm that provides exporting services to other firms. The export management
firm will either take title to act as an intermediary merchant or provide export
management services in exchange for fees or a commission.
Euro (Eurodollar)
- The common currency shared by most of the members of the European Union (Britain,
Greece, and Denmark are not participating). Introduced in January 1999, the euro
will eventually replace national currencies such as the German mark, French franc,
and Italian lira.
Export License
- Permission granted to ship a product to a foreign recipient. In the United States,
export licenses are either general licenses or IVLs (individual validated
licenses).
Extract
- To extract a file means to retrieve it from an archive file like a zip file or TAR file. With WinZip, for example, you simply double-click the zip file to open it. Then you may drag a file directly out of the WinZip window into another folder or onto your desktop.