subject: Allied Wallet | What Is Ecommerce? [print this page] Ecommerce has engrained itself into the everyday lives of the consumer. Nowadays if someone wants to buy a buquet of flowers for theirr girl-friend or buy a dvd, even a car perhaps... they go online and make purchases from the ecommerce stores. Allied Wallet has recognized this and was formed with the intention of enabling websites to accept payments for nearly any good or service.
Electronic commerce is the mixture of traditional business practices combined with information and communication technologies. Telephone and mobile are factored into the definition, but the core of ecommerce resides mainly upon the internet. Allied Wallet's main function is to allow websites to accept credit cards, thus an ecommerce solution.
Simply put, eommerce is the online transaction of business, featuring linked computer systems of the vendor, host, and buyer. Electronic transactions involve the transfer of ownership or rights to use a good or service. The amount of trade conducted electronically has grown dramatically since the wide introduction of the Internet. A wide variety of commerce is conducted in this way, including things such as electronic funds transfer, supply chain management, e-marketing, online marketing, online transaction processing, electronic data interchange, automated inventory management systems, and automated data collection systems.
So how does ecommerce work and why does Allied Wallet play such a role in the process? That easy. Lets start from the basics. When a consumer wants to make a purchase online, they go to an ecommerce store such as Amazon. Once they decide on the good they wish to purchase add it to their shopping cart and proceed to checkout. This is where Allied Wallet comes in. Using proprietary, highly secure software, Allied Wallet recieves the consumers payment details and then processes the transaction. The money is deposited in the ecommerce stores bank and then the store ships the product.
On a more in depth level, much more occurs. Once Allied Wallet recieves the payment details they instantly check the consumers payment data for over 1,000 different fraud "scrubs" which check to make sure it is actually the real consumer making the purchase and not just a hacker or scammer. Once it passes the inital fraud test it is then forwarded by Allied Wallet's payment gateway onto the consumers bank to be verified once again. The message of "approve" or "deny" will then be sent back to Allied Wallet. From here Allied Wallet's payment gateway then distributes the funds to the ecommerce store telling them that a sale was made. Although this seems like a long process, all of this is done in an instant thanks to Allied Wallet's cutting edge technology.
Tens of thousands of businesses have used Allied Wallet to safely process payments in this way, and the number continues to climb everyday.In addition to tradional payment processing, Allied Wallet also offer ewallet merchant accounts and ach processing to help fit the needs of nearly any size company in almost any industry.
