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E-Glossary
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Value Added Network (VAN)
In a typical EDI scenario, suppliers and retailers exchange purchase
orders and invoices electronically from computer to computer. Usually,
this transfer is mediated through a value added network service provider
(VAN). Companies engaging in sending and receiving EDI documents use these
VAN's as an electronic post office. The buyer sends their EDI Purchase
Orders to a VAN, who proceeds to rout the orders to the appropriate suppliers
electronic mailbox. The supplier connects to the VAN and to their mailbox,
and receive the orders from their buyers. The same scenario is followed
when the supplier sends an EDI Invoice to the retailer. VAN's also provide
verification and confirmation of the transaction insuring security and
quality control of the data processed.
vendors
Companies or people that sell products or services.
virtual Adz
Java Applets that are embedded into an email message which allow the
receiver to access the advertiser's web site from the message itself.
virtual mall
Virtual malls are another example of shopping online. The earlier
explorer of this was Prodigy who failed by only selling on $50,000 worth
of goods with a membership database of over 2 million. Today virtual
malls are being replaced with online shopping which allow the user to make
or select an item and purchase it if available.
virtual pin
A distinct number that makes it possible for a customer and a vendor
to perform safe transactions over the Internet. The business owner
and the patron are the only two who have access too it.
virtual store
Commercial websites that allow people to browse the products like a
person would browse the aisles in a physical store.
virtual tag
A virtual card that allows interaction by the consumer which contains
a miniature web sight that is positioned inside a banner.
virus
A program which replicates itself on computer systems by incoporating
itslf into other programs that are shared among computer systems.
volume discount
The price discount offered advertisers who purchase a certain amount
of volume from a medium.
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