Your Money Online Basics

Even if you haven’t yet engaged in digital commerce, your money is probably already online via mobile and electronic banking. Furthermore, there are many new digital commerce technologies that are made possible by the internet, mobile networks and digitally-enabled devices. This includes e-commerce, which is defined as the commercial transactions that occur via the internet. When you buy or sell things online using a computer or mobile phone, you are participating in digital commerce. 

Digital commerce also includes digital payment technologies. These can be credit, debit and prepaid cards, mobile wallets, QR codes and contactless payments that allow you to make purchases and send and receive payments to and from friends more conveniently. Explore other types of digital payments and learn how they work. 

Taking your money online might be safer than you think. But there are some measures you can take to prevent fraud. Use strong passwords, do research to find out if a site is trustworthy and avoid storing personal information online. Read about other security precautions.