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These were both introduced in the late 1970s, allowing businesses to send commercial documents like purchase orders or invoices electronically.
The 'electronic' or 'e' in e-commerce indicates the technology used, while 'commerce' refers to traditional business models. Accordingly, e-commerce is the complete set of processes that support commercial business activities on an electronic network. In the 1970s and 1980s, this also involved information analysis. The growth and acceptance of credit cards, automated teller machines (ATM) and telephone banking in the 1980s were also forms of e-commerce...
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