Industries & Professions /
Internet Transaction Specialists
Every business engaged in e-commerce must use some type of Internet transaction software, that is, software that allows money to be transferred from the customer to the business. This process is also referred to as electronic funds transfer (EFT). Transaction software and systems are what allow customers to do such things as transfer funds between banks, pay bills online, and buy and sell stocks. At the same time, transaction software and systems are what allow businesses to get credit card approval for a customer's purchase, receive payments, and make money transfers. As e-commerce has become more and more popular, the need for Internet transaction specialists has grown. In addition, the technology itself continues to develop. According to Gene Krause, former president and director of sales and marketing of Intellefunds, Inc., in St. Louis, Missouri, "Electronic funds transfer is continually evolving. It is getting better and more efficient and is revolutionizing Internet transactions."