E-commerce can be broadly defined as the delivery of information, products, services, or payments by telephone, computer, or other automated media.
This definition encompasses the many kinds of business activities that are being conducted electronically, and captures the notion that electronic commerce is much more comprehensive than merely the purchasing of goods and services electronically.
Electronic commerce can include retail transactions that take place by telephone, fax, automated banking machine (ABM), credit card, debit card, television shopping, secure private computer networks through electronic data interchange (EDI), the delivery of government services, and business that is handled over the Internet.
What regulations apply to the Internet and e-business?
Do I need an export license if I sell things over the Internet?
Do I need to keep books and records?
What books and records do I need to keep?