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London, 13 June 2001

Word&Bond announces its strategic partnership with eCredit, a European receivables financing organisation.

eCredit provides an on-line and fully automated payment service that is set to challenge the dominance of the credit card for web based B2B transactions. Ideally suited to companies operating in the manufacturing and distribution sectors, eCredit embeds a one click interactive e-button on it’s client website that allows the real-time capture & risk assessment of key customer data. With the commercial risks understood, eCredit then provides a guaranteed payment of up to 100 per cent of invoiced sales.

Word&Bond, the global loyalty standard™, through its fair-dealing promises and the just, impartial and swift interactive arbitration system™, provides the definitive framework for confidence in B2C and B2B marketplaces. Word&Bond promotes the key elements of trust and goodwill between buyer and seller and also delivers significant cost savings by streamlining the complaints and dispute management process.

Through this infrastructure partnership, Word&Bond & eCredit improve the efficiency of e-business processes and administrative procedures by integrating all players in the value chain and making interactive sale commerce more economical and more efficient.

Martin Odams de Zylva, Chief Executive Officer of Word&Bond stated:

‘The synergy in this partnership arises from the fact that both company offerings are based on enduring principles of trade which have been re-engineered to take advantage of the medium of the internet. The partnership therefore provides an integral system which underpins the financial viability of trade in virtual marketplaces.’

Nick Grainger, Managing Director, UK Branch of eCredit commented:

‘This partnership meets our stated objective to be the preferred partner for payment solutions in the European market by providing secure, cost-effective and scalable value-added services which focus on our customers’ needs. This partnership provides the keystone for the e-economy.’

For further details, visit http://www.wordandbond.com and http://www.ecrediteurope.com


For more information, please contact:

(on behalf of Word&Bond)
Sam Eaton
Cinnamon Communications Ltd
Mobile: + 44 (0)7802 218 852 Seaton35@hotmail.com

Louisa Williams
Simply Brands Ltd
Mobile: +44 (0)7887641025
pr@wordandbond.com

eCredit
Nick Grainger
Managing Director (UK Branch)
nick.grainger@ecrediteurope.com

Mike Symes
Greendome Marketing Group
Telephone: +44 (01372 747144
mike@greendome.com







Notes to editors:

About Word&Bond:

Word&Bond address the dispute resolution needs of commercial enterprises. The groundbreaking solution is globally applicable and suitable for either multinationals or SMEs.

Word & Bond can only be accessed by companies who obtain a Word&Bond licence or who become a Word&Bond partner. This solution therefore provides the missing link in the technological bridge between traders and their customers (whether consumers or other businesses); helping to maintain goodwill between customers and traders and increase trust and confidence in virtual marketplaces.

On 14 June 2001, Martin Odams da Zylva, CEO, will be speaking about how Word&Bond increases trust and confidence in interactive sales commerce and creates strategic e-business partnerships at the Financial Times World E-business Conference at the Royal Lancaster Hotel, London.


About eCredit:

eCredit (formerly Allfactoring AB) has been established in Sweden since 1984 and has a branch network that currently spans five North European markets. The company established a UK base at Egham, Surrey in late 2000 and is working on plans for a stock market flotation.

eCredit provides a fully automated payment service for B2B marketplaces that is a secure and cost-effective way of safeguarding the entire value chain, increasing profitability and creating loyal customers.




This press release was distributed by ResponseSource Press Release Wire on behalf of Cinnamon Communications in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.