Banks and financial institutions play key roles in the TradeCard network. For banks, corporate clients today seek robust trade services beyond traditional products that rely on manual, paper-based processes. Financial institutions join the TradeCard network to obtain access to more trade finance customers - with less risk involved. Suppliers take advantage of online financial services for payment protection, electronic invoicing, early payment programs and trade financing. Buyers bring financial stability to their supply chains. Click here to contact TradeCard for more information.
TradeCard helps financial institutions touch parties in the supply chain that they would never have touched before. In addition to offering various types of export financing to TradeCard members, the platform allows for new solutions in supply chain financing. With 4,000 members conducting transactions every day, TradeCard provides a new medium for obtaining customers - in a secure, automated environment.
The following banks are members of TradeCard's Integrated Services
Banks & Financial Institutions
Partners
More than 4,000 customers transact on TradeCard's electronic platform. Financial institution members have real-time visibility into each transaction to perform risk assessments with confidence and clarity. Financial institutions join TradeCard to offer payment protection, export financing and open account services in a secure electronic environment that enables transparency and efficiency.
Open Accounts Through TradeCard
An open accounts platform is a true value-add. TradeCard enables a straight through process with low overhead, no labor and no touching of paper. With TradeCard, financial institutions obtain access to 100% of corporate trade portfolios and extend trade finance opportunities. They gain access to more touch points within a corporate. Previously they had access to the CFO, Treasurer and Controller; now they have access to the Chief Procurement Officer, Chief Supply Chain Officer and Chief Logistics Officer
Payment Protection
Providing services on the TradeCard Platform is easy. A buyer applies for a credit line and TradeCard forwards all appropriate applications and financial information for your review. On a transactional basis, the buyer decides whether payment protection will be made available to the seller. If enabled for a given transaction, the seller can then elect payment protection for that transaction, provided that the buyer has not exceeded its credit line. During the lifecycle of each transaction, you will have visibility into the status of the transaction between buyer and seller.
If discrepancies arise between the buyer and seller, the patented TradeCard compliance engine automatically detects them and provides both parties with online discrepancy resolution tools for quick resolution.
For more information contact: service@tradecard.com