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EC (Electronic Commerce):
The end-to-end digital exchange of all information needed to conduct
business. Examples include EDI transactions, electronic mail, archives, audit trails, and
all forms of records, including graphical images. Electronic Data Interchange (EDI),
Electronic Funds Transfer (EFT) and Continuous Acquisition and Life-cycle Support (CALS).
EDI (Electronic Data Interchange):
The inter-organizational, computer-to-computer exchange of structured
information in a standard, machine-processable format.
EDIF (Electronic Design Interchange Format):
A neutral, platform independent format for the interchange of integrated
circuit design data from design to manufacturing organizations.
EDIFACT (EDI For Administration, Commerce and Transport):
United Nations rules for Electronic Data Interchange for Administration,
Commerce and Transport. They comprise a set of internationally agreed upon standards,
directories and guidelines for the electronic interchange of structured data related to
trade in goods and services between independent computerized information systems.
EFT (Electronic Funds Transfer ):
Electronic movement of data between banks which results in a value
transfer between accounts.
EFT (Electronic Funds Transfer):
EFT is a technology (one of the electronic commerce technologies) that
allows the transfer of funds from the bank account of one person or organization to that
of another. EFT is also used to refer to the action of using this technology. It is an
important addition in the organization that implements EDI in their organization.
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