E-Financial Settlement Mechanism under TradeCard System

Abstract

TradeCard launched what it rolls a financial supply chain platform in march, with the ability to match invoices, packing lists and proof of delivery against purchase orders, among other things. Authorization from the shipper allows TradeCard to make payment decisions automatically, based on pre-agreed criteria. The idea is to eliminate the need for buyers, sellers and their banks to exchange paper documents. TradeCard is a business-to-business e-commerce infrastructure that enables buyers and sellers to initiate, conduct and settle international trade transactions securely over the Internet. By aggregating buyers, sellers and disparate trade service providers, its patented solution automates and streamlines existing international trade transaction processes, which are complex, paper-based, time-consuming and expensive. TradeCard's objective is to provide a secure, reliable, cost-effective and easy-to-use solution for conducting and settling international trade transactions. TradeCard provides global traders with a documentary compliance and settlement system with a payment guarantee that allows them to extend their reach into new markets. TradeCard also is offering export financing services, inspection, cargo insurance and other valued added trade services. So, TradeCard's global trade platform streamlines the procurement processes to settlement and manages all trade transaction data and documentation over the life-cycle if transaction in collaborative online workspace. the TradeCard system's secure infrastructure and powerful transaction network also promote trust and reliability ill every transaction

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 1 citations exist upstream.