What are electronic transactions/trading?

The standard form for carrying out full electronic trading is called EDI. EDI stands for Electronic Data Interchange. Put simply, EDI involves the computer-to-computer exchange of structured data between two or more companies, sent in a form that allows automatic processing, with no manual intervention. It is relevant to any business that regularly exchanges information such as client or company records, but is especially relevant if you send and receive orders, invoices, statements and payments.

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