History of e Commerce 1979 Michael Aldrich invented

History of e. Commerce

1979 Michael Aldrich invented online shopping From 1980 he designed, manufactured, sold, installed, maintained and supported many online shopping systems, using videotex technology.

1981 Thomson Holidays, UK is first B 2 B online shopping. Thomson Holidays submits the first ever B 2 B electronic transaction using online technology.

1982 France Telecom invented Minitel that is considered the most successful pre-World Wide Web online service.

1984 Gateshead SIS/Tesco is first B 2 C online shopping. Format ASC X 12 provides a dependable means to conduct electronic business.

1985 Nissan UK sells cars and finance with credit checking to customers online from dealers’ lots.

1987 Swreg begins to provide software. Swreg creates the first Software and shareware provided to authors giving them the means to sell their products online through an electronic Merchant account.

1989 Peapod brings the grocery store to the home PC.

1990 Tim Berners-Lee writes the first World Wide Web server and browser, using Ne. XT computer.

1991 The National Science Foundation (NSF) lifts restrictions on the commercial use of the NET clearing the way for e. Commerce.

1992 J. H. Snider and Terra Ziporyn publish “Future Shop: How new technologies will change the way we shop and what we buy”.

1994 Netscape unveils SSL encrypt. Jerry and David’s guide to the www is renamed Yahoo. Third-party payment services for processing online credit card sales begin to appear. The first online bank opens.

1995 Jeff Bezos launches Amazon. com. The first commercial-free 24 hour, internetonly radio stations, Radio HK and Net. Radio start broadcasting. Dell and Cisco begin to aggressively use Internet for commercial transactions.

1995 Auction Web launches a site soon to be rechristened e. Bay is founded by computer programmer Pierre Omidyar.

1998 Electronic postal stamps can be purchased. Pay. Pal launches pay service. Google debuts on e. Commerce. Yahoo launches Yahoo Stores.

1999 Zappos launches web-only shoe store. Business. com sold for US $7. 5 million to e. Companies which was purchased in 1997 for US $149, 000. The peer-to-peer file sharing software Napster launches. ATG Stores launches to sell decorative items for the home online.

1999 Global Sports launches out-sourced e. Commerce platform. Victoria’s Secret debuts site.

2000 The on-going dot-com investment bust. os. Commerce is started in Germany as the Exchange Project.

2001 Amazon. com blazes a trail launching a mobile commerce site.

2002 e. Bay acquires Pay. Pal for $1. 5 billion. Niche retail companies CSN Stores and Net. Shops are founded with the concept of selling products through several targeted domains, rather than a central portal.

2003 Amazon. com posts first yearly profit. Apple launches ITunes store. Congress passes the Can-Spam Act. Zen Cart branches from os. Commerce.

2004 Credit Card companies create PCI data security standards.

2005 First Internet Retailer Conference and Exhibition. Launches You. Tube.

2005 Web 2. 0 takes hold making sites more interactive. The final release of Virtue. Mart.

2006 Google debuts Google Checkout.

2007 Business. com acquired by R. H. Donnelley for $345 million. Apple launches the i. Phone with full web browsing and downloadable apps. Free open-source Prestashop software is founded.

2008 Magneto e. Commerce solution is launched by Varien. Amazon introduces Text. Buy. It.

2009 Zappos. com acquired by Amazon. com for $928 million. Amazon. com and Overstock. com lose New York sales tax battle.

2010 Groupon reportedly rejects a $6 billion offer from Google. Instead, the group buying websites plans to go ahead with an IPO in mid-2011. Magneto mobile is released allowing store owners to create native mobile storefront apps.

2010 e. Commerce gets serious about social media and more personal conservations taking place between business and consumers.

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