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In 1979 Michael Aldrich, the English inventor, invented 'teleshopping' now known as 'online shopping, business -to-business online transaction processing now known as 'e-commerce' and the feasability of extending B2B transaction processing into other forms of inter-business communication now known as 'e-business.' The actual term 'e-business' was reputedly coined by IBM marketing staff in the 1990s.

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