eCredit challenges dominance of credit cards with new online payment service

Internet Business News, April 4, 2001

INTERNET BUSINESS NEWS-(C)1995-2001 M2 COMMUNICATIONS LTD

Swedish-based eCredit (formerly Allfactoring AB) has unveiled a new online payment service for web-based business-to-business transactions.

Targeted mainly at companies operating in the manufacturing and distribution sectors, the new eCredit service is designed to provide real-time credit decisions around the clock. Through an interactive button on the client's web site, eCredit makes risk assessments of key customer data. It then provides a guaranteed payment of up to 100% of invoiced sales - funding sales throughout the supply chain.

In addition eCredit offers an integrated sales ledger administration service, which administers the client's entire sales invoicing and sales ledger management function.

Further information can be found at http://www.ecrediteurope.com.

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