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Closing Clients Electronically

by Pat Stiehm As we all know in the factoring business, we usually have a short window of opportunity to close and fund each client. That window of opportunity exists while the client is highly motivated, i.e., in need of...

#accounts payable#conference#e-commerce

The Advantages and Limitations of Guarantees

by D. Brent Wells Introduction As long as extension of credit has driven commerce, creditors have been wary of accepting…

#frauds#guarantees#insolvency


CIT And 7thOnline in Alliance to Provide Financial Services...

CIT, a leading global source for financing and leasing capital managing more than $50 billion in assets, and 7thOnline, a…


BB& T to Provide Secure Web Site for Clients

van Schouwen Associates, a full service marketing and interactive agency in Greensboro, North Carolina, has been awarded the contract to…


First Digital Signature Contract for Asset Based Lending Introduced...

1st PM Factors Bancorp (also known as Pmfactors.com) has announced the first fully digital set of contracts signed using a…

#digital#funding#software


CIT, Sinopac and C-ME to be Joined in Financing...

The US financing company, CIT, today announced the establishment with Taiwan’s Bank Sinopac and C-ME (Cyber Merchants Exchange) of a…

#bank#exporters#international


Asta Funding Reports 45% Increase in Net Income in...

The financial services company, Asta Funding Inc., which specialises in factoring as well as the purchase, liquidation and management of…

#financial services#funding#management


Asta Funding Reports Acquisitions of Finance Receivables

The financial services company, Asta Funding Incorporated today reported that Asta Commercial, LLC, a wholly owned subsidiary of the company,…

#financial services#funding#i


Factoring Helps Sterling Bancorp Achieve Record Results

The financial services provider, Sterling Bancorp, today announced record earnings both for the year and the quarter ended 31 December…

#financial services#trade


CIT to Provide Trade Finance on the Internet with...

CIT Commercial Services, the USA’s largest provider of factoring, has today announced an agreement with Commfin, an internet portal that…

#CIT#CIT Commercial Services#platforms


GMAC Confirms Bank of America Purchase

BCR Publishing has today received confirmation that GMAC’s acquisition of the Bank of America’s factoring business was effective as of…

#bank#Bank of America#Commercial Credit


Southwest Financial Inc. Executive Pleads Guilty to Fraud.

An executive with a Little Rock, Arkansas factoring company, Southwest Financial Inc. pleaded guilty to conspiracy and eight counts of…

#bank#banks#Two

EDS and Primestreet Collaborate to Enhance Online Credit Solutions...

The global services company EDS and the credit-solution enabler, Primestreet announced on Friday 12 January 2001 a comprehensive agreement to…

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