In 1979, Michael Aldrich (English inventor) invented online shopping (a technique known later as e-commerce) to make online transaction possible processing between business to consumers and business and another.
Electronic data interchange (EDI), was standardized through ASC X12. This guaranteed that companies would be able to complete transactions with one another reliably.
The first electronic merchant account was created by Swreg.
It was created so that software developers could sell their
Compuserve offers online retail products to its customers. This gives people the first chance to buy things off their computer.
Netscape Navigator released their browser. SSL encryption became a reality. Pizza Hut had the first recorded Internet sale, the 1st online bank opened, the first e-commerce solutions are built for merchants to sell online, and the first ever email spam occurred.
Two of the biggest names in e-commerce are launched:
Amazon.com and eBay.com. Craigslist launched and
VeriSign launched as a way to verify merchants online
The U.S government extended the moratorium on Internet taxes until at least 2005. Retail spending over the Internet reaches $20 billion,
according to Business.com.
Google Adwords surpassed $20 billion in revenue. US
Broadband users reached 190+ million, which aided in e-commerce success for small and large companies.
Reached $200 billion in ecommerce sales, an increase of 10
percent over 2010, Because of the new e-commerce trends like
mobile commerce, social commerce, group buying, and
private sample sale sites.
Perception System pvt ltd