INTRODUCTION In an electronic commerce environment, trust is difficult relation to build and even

Since consumer transactions that take place on social media web sites often cross state lines, the Federal Government has developed and passed laws that can best control these transactions. There are many Federal regulations in place to provide consumers with protection when they participate in transactions via social media sites. These regulations range from taxation on goods, restrictions on state laws restricting interstate commerce, and protection of electronic fund transfers. These laws are growing in importance as more and more consumers choose to transact business via social media sites. A consumer should be aware of their rights and responsibilities before engaging in e-commerce. The E-Sign Act provides consumer and business protection by allowing contracts to be signed without paperwork by using the click-wrap agreement, and the Federal Trade Commission has several protections in place for purchases made online for more than $25. There are many different regulations put forth by the Federal government, but there are many ways a consumer can develop safe practices when engaging in internet transactions. This includes using reliable, reputable companies to purchase from, using secured browsers, understanding terms and conditions prior to purchase and finally keeping records of all transactions. Next I will examine

The use of the internet for e-commerce transactions is transforming the way people around the globe purchase goods and services. While brick and mortar businesses struggle to keep their doors open, businesses are responding by moving their goods and services online to reach the widest base of consumers possible. In order to protect businesses and consumers, legal protections must be created and enforced. Providing of overview of three of these protections along with proposing solutions to enhance the protection of e-commerce transactions will show the necessity of these legal protections.

is the second part of institution-based trust, and is defined as one’s belief that success is probable because all the factors which assure success i.e. contracts, commitments, guarantees, processes, legal resources, procedures, and regulations, are in place (Shapiro, 1987). This type of trust is referred to as customers’ ideas about certain conditions, such as the security and safety of the mobile environment (McKnight et al., 2002), or technical and legal protection (Tan and Sutherland, 2004) in the context of e-commerce.

Society has experienced several evolutions in diverse arenas during our brief existence on Earth. The human brain has devised tactics to locate animals for the benefit of clothing, shelter, and food. Humans established spoken and written language(s), created numeric systems, and via the advent of the internet, devised vectors for expansion of communication across the globe. In addition to global communication, the internet has transformed society by allowing people to express our creativity, dreams, and expand our knowledge. It has revolutionized how we entertain, trade stocks, date, and participate in government and commerce. The eruption of electronic commerce, or e-commerce, relies upon consumer trust in the e-commerce website, payment

The buyers and sellers must trust the e-commerce’s computing environment and the infrastructure. If they do not feel comfortable or trust security of the infrastructure he or she will not buy the product he or she was looking to buy (Turban, King, McKay, Marshall, Lee, & Viehland, 2008). There are two ways to increase trust in e-commerce the following are: 1.) Affiliate with an objective third party. This builds trust by putting hypertext links on their website to other trusted reputable companies. 2.) Establish trustworthiness through these key elements integrity, competence, and security (Turban, King, McKay, Marshall, Lee, & Viehland, 2008).

The traditional method of doing business has always been face to face trading. It is a medium for both customers and businesses to negotiate and purchase and sell goods and services. However, with the progression of the technology age, businesses and customers alike are finding convenience and benefits through the use of e-commerce. Electronic commerce (e-commerce) involves online transactions and the trading of goods and services through the Internet, without time and geographical barriers (Network Solutions, 2014). This could include retail sites, large online music stores such as iTunes or business to business (B2B) transactions between companies. This is a new emerging technology and has brought many advantages (Network Solutions, 2014).

By providing great services, consumers will be satisfied and existing customer will stay, followed by the increasing of loyalty customers. Enhancement of its technology infrastructure is essential to retain its customers (Butters 2014). A better display of website can increase the transparent, so that buyers enjoy buying from Alibaba.com (MacDonald 2014). The web security is designed to protect information of customer and company, payment details from leakage, intensify its protection against fraud issue to develop better trust from the customers.

There are many things to consider when implementing an e-commerce system for the reliable transfer of money and goods online, as each part of the chain has to be analysed to make sure that it is not the weak link that will be the downfall of the entire system.

Confidence and trust are a prerequisite for any successful trading business entity and more so for secure electronic trading. According to Lawrence & Tar (2010), trust is a problem that is even more present when it includes transaction that are not physical. In virtual trading, the identities and geographical locations of buyer and sellers are often unknown, there is no real-time visual or oral interaction, no real time physical exchange of goods and services for money between buyer and seller.

Electronic payments have become an integral part of e-commerce as well as a financial necessity for many payment systems. Many buyers and sellers have been exploring new possibilities in e-commerce. Many users have tried to implement electronic cash, smart cards, and other forms of electronic payment in their business transactions. In the past five decades, monumental technological developments have been created which force buyers and sellers to accommodate to the new e-commerce business practices. This paper will be discussing the following key points:

Traditionally, contracting was limited to the physical presence of the contracting parties. Such contracts involved many formalities such as written evidence and in some cases a witness into the transaction. With the emergence of the internet, transactions take place electronically, which has given birth to e-commerce. The rapid expansion and development of e-commerce have led to the emergence of a new legal trend, e-contracting. E contracting is an emergent legal issue in e-commerce, which aims at making electronic contracts legally binding. E-contracts anchor upon the principles of contract law, such that agreements arising from such contracts are legally binding. In electronic contracts, many activities involved such offer and acceptance and consideration occur virtually with parties having not to meet physically. Electronic contracts exist in various ways. For example, agreements can take the form of “click-wraps”, ”browse wraps” or “shrink wraps”. Click-wrap and shrink-wrap agreements enable parties to enter into a binding agreement by clicking a box. Browse-wraps, on the other hand, facilitate the contracting parties to enter into a contractual agreement by redirecting them to a page containing the terms of the contract. Despite occurring electronically, e-contracts need to fulfill a number of requirements, which include offer, acceptance, consideration, and intention to create legal relation. In the electronic platform; however, firms

On one of the Better Business Bureau (BBB) websites, it is stated that: Trust makes up the essential glue that holds the rapidly expanding online market place together. But how do you gain trust when you normally cannot look into the eyes of the internet merchant, nor can you watch his/her body language or listen to voice inflections, little skills that have often helped when evaluating the trustworthiness of offline businesses.

It is a fact that e-commerce cannot thrive without a robust, secure, and well-developed e-payment infrastructure. One of the main issues that have clouded the online-based payments is the issue of trust. A level of fear has always been in online-based systems. However, there are several advantages of online-based systems that

This project report contains the study of “is security a real or perceptual problem in web commerce”. The content includes the security related issues being faced by the companies or organizations in their business through e-commerce. The tools being available in market to cope with such issues

Electronic Commerce is methodology of working together through machine systems. An individual sitting on his seat before a machine can get to all the offices of the Internet to purchase or offer the items. Dissimilar to conventional business that is completed physically with exertion of an individual to go & get items, ecommerce has made it simpler for human to decrease physical work and to spare time. E-Commerce which was begun in ahead of schedule 1990 's has taken an incredible jump in the realm of machines, yet the way that has obstructed the development of e-business is security. Security is the test confronting e-business today & there is still a considerable measure of headway made in the field of security. The principle