TradeCard, an online network that enables paperless cross-border trade transactions, has extended an agreement first struck with Taiwan's Bank SinoPac in June to provide pre- and post-export finance to Taiwanese firms.
Under the expanded agreement, Bank SinoPac will now offer similar services to its customers in the United States, through its branch in Los Angeles and the Far East National Bank, acquired in 1997, with 13 branches in California.
The TradeCard documentary compliance engine and financial settlement platform, enables importers and exporters to conclude financial settlement online for one flat fee per transaction.
TradeCard launched its service in Asia in Spring of 2000, and has established alliances with TradeLink in Hong Kong, and with the Institute for Information Industry (III) Taiwan. Both TradeLink and III are charged with expanding their respective markets' use of e-commerce for international trade.