Internet Payments

Internet Payments Recent years have witnessed substantial addition in the use of both Internet and electronic documents. breeding is flowing more freely than ever before. Goods and services argon now being bought and sold electronically. Increasingly, business communications ar being conducted online and atomic number 18 adapting their operations to an electronic environment. Internationally and in Canada, the widening application of the Internet in mercenary proceeding is evident. Current statistics reveal that $195.39 billion (CDN) in revenue was generated by global Internet commerce of which Canada accounted for 6.8% of the world share. By 2004 thoroughgoing global revenue from Internet commerce is expected to wee-wee $3.9 trillion. The potential growth for this industry is also bolstered by the concomitant that more than 55% of Canadians are currently accessing the Internet. Given the astronomic growth in this relatively new business phenomenon, it is historic to assess its implications on the Canadian consumer. Undeniably, the most controversial constitution issue affecting consumers and the one that has received the most direction is the issue of loneliness. In Canada, the federal government responded to this area of veneration with the passage of Bill C-6 on April 13th, 2000.

The legislation aims to protect the privacy of personal information on individuals held by the private sector, to easiness electronic commerce and to give clear legal view to certain electronic documents. Although steps have been taken domestically, an transnational response is also necessary in order to conciliate any problems with cross-jurisdiction regulatory issues that may arise. Consumer privacy issues are more evident now with the growth of Internet commerce technologies. Consumer concerns are heightened by the commercial advantage in exploiting personal information. In unregulated free markets the interests of individuals are invariably overwhelmed by commercial considerations.... If you want to get a full essay, order it on our website: Orderessay

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