Faculty of Applied Management, Economics and Finance β MEF, Belgrade, University Business Academy in Novi Sad
Abstract
All developed countries are in transition
from the IT economy to a web economy - the
biggest technological innovation that will have a
long-term positive effect on the formation of the
economic growth rate, the major structural changes
and on the differentiated effects on the economic
areas that are, at a faster or a slower rate, being
included in this technological change.
The electronic commerce or e-commerce has a huge
potential for development. The electronic
commerce between the companies (B-2-B) is
significantly greater compared to retail electronic
commerce (B-2-C). In both spheres of trade, the
Internet is used as a platform for the transfer of
information and for concluding business deals.
Market economy requires Accelerated Payment
Processing which is achieved by introducing and
improving the electronic payment procedures.
There is an emphasized dichotomy between the two
spheres of the payment system: large-value and
small-value payments. The large value payment
systems can be described as the arteries of the
payment system, and the small-value transfer
systems as a complex network of veins that bind the
entire economy