CertCo, a New York-based provider of risk management and security solutions for B2B e-commerce, has enhanced its RMX solutions suite with the addition of online financing tools from First International Bank, a subsidiary of First International Bancorp, and secure Internet payment solutions from BankServ.
With the addition of online commercial and international loans from First International Bank, CertCo RMX users can secure up to $5 million in financing per online transaction. With ThruCredit, First International Bank's solution for financing transactions via the Internet, users can choose from a range of commercial and international loan services using the bank's online e-CreditMenu. Products in the e-CreditMenu include basic payment guarantees, working capital lines, equipment loans and industrial mortgages.
CertCo RMX users also can access BankServ's secure Internet payment solutions, including real-time Automated Clearing House (ACH)-based Internet cheques, wire transfers and credit card processing. These services allow businesses to use their existing accounting and payment infrastructures to pay for their purchases online.
"Online exchange members will clearly benefit from more sophisticated online transaction services that enable them to assess their trading partners, and then finance and pay for their transactions online," says June Yee Felix, chairman and CEO of CertCo.