Reducing Need for Paper
E-payments has reduced the need for unnecessary printing of receipts and invoices whenever transactions are made, such as in a physical store.
As all invoices are stored electronically, this saves on the huge amount of paper that is used to print the receipts and invoices. This also applies to businesses using e-payments to pay their employees.
According to FSV payment systems, a company with 30,000 employees receiving paper checks every two weeks sends out approximately 720,000 pieces of paper per year, not including envelopes. By going paperless, annually the company would:
As all invoices are stored electronically, this saves on the huge amount of paper that is used to print the receipts and invoices. This also applies to businesses using e-payments to pay their employees.
According to FSV payment systems, a company with 30,000 employees receiving paper checks every two weeks sends out approximately 720,000 pieces of paper per year, not including envelopes. By going paperless, annually the company would:
Reduce Greenhouse Gases & Depletion of Natural Resources
The increased proliferation of online shopping could lead to a decrease in the need to travel to a physical store by driving, reducing the amount of greenhouse gases and pollution that is released into the atmosphere, and also helps to reduce the usage of gasoline.
With increased usage of e-payment systems and practices, the environmental impact is likely to be exponential and far-reaching, something that is very pertinent and important to address for the current state of the planet, where pollution and resource depletion is of great concern.
With increased usage of e-payment systems and practices, the environmental impact is likely to be exponential and far-reaching, something that is very pertinent and important to address for the current state of the planet, where pollution and resource depletion is of great concern.
For more information on how E-commerce can impact the environment, follow this link...
http://engineering.dartmouth.edu/~d30345d/courses/engs171/eCommerce.pdf
http://engineering.dartmouth.edu/~d30345d/courses/engs171/eCommerce.pdf
Fun Facts#14 E-commerce sales in US growing at 10% a year
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[email protected] Done By: Gobardja Ian U098473L Kua Li En A0070291M Nicholas Chen A0072340U Justin Tan A0072547B |