Bentley Commerce Introduces the First Business Debit Card that Enables Cardholders to Pay in Barter, Just Like Credit or Debit Card Transactions, Between Members of the Same or Different Exchanges.SARASOTA, Fla. -- Bentley Commerce Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BLYC), www.bentleycommerce.com, the online leader in barter barter: see exchange. barter Direct exchange of goods or services without the use of money or any other intervening medium of exchange. Barter is conducted either according to established rates of exchange or by bargaining. and trade, today introduced its Platinum Business Trade Card that is the only debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. that seamlessly processes barter exchange barter exchange barter n → Tauschbörse f members' trade purchases at the point of sale at participating merchant members worldwide, even if the buyer and seller are members of different exchanges. Bentley Commerce is the first to offer swipe card swipe card n. A plastic card with a magnetic strip containing encoded data that is read by passing the card through a usually slotted electronic device, used especially to make electronic transactions and to provide access to restricted or secure areas. technology to seamlessly process transactions between members of different trade exchanges, and to process transactions internationally, facilitating foreign currency exchange in real time. Most important, its Platinum Business Card uses a standard credit card merchant terminal so that sellers do not require a separate terminal to process barter transactions. Bentley Commerce anticipates that its Platinum Business Trade Card will soon be honored at thousands of locations in the US and Canada, and in other countries later this year. Cardholders will be able to charge purchases in barter, just as they would in cash or credit. The Trade Card uses Bentley Commerce's proprietary swipe card software technology on new terminals provided to merchants, or uploaded to merchants' existing supported terminals. Cash transaction capabilities are among some of the future enhancements that are planned for its Trade Card. "Our Platinum Business Trade Card is the one swipe card powerful enough to handle all of a company's trade purchases," said Bruce Kamm, Bentley Commerce's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "It gives businesses exactly what they have been asking for: trade credit, trade dollars, tracking and control of business expenses, and eventually, cash capabilities -- all in one swipe card. "This is Bentley Commerce's next step in providing an integrated technology platform capable of real time trade transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. worldwide," continued Mr. Kamm. "The 74 participating barter exchanges that provide online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. and account management for about 15,000 member companies, are already part of Bentley Commerce's Global Trade Alliance and will be provided with debit cards that are branded with their exchanges' logo to process barter now, and eventually cash transactions, at the point of sale. "Members of one exchange will be able to use their debit cards to make purchases from members in their exchange, as well as with members of other participating exchanges throughout the world," said Mr. Kamm. "This should go a long way to eliminate the current constraints that hinder hin·der 1 v. hin·dered, hin·der·ing, hin·ders v.tr. 1. To be or get in the way of. 2. To obstruct or delay the progress of. v.intr. global trade. We envision Bentley Commerce becoming the barter equivalent to NYCE See New York Cotton Exchange. NYCE See New York Cotton Exchange (NYCE). , Cirrus, Plus and other cash interexchange networks, for the universe of companies participating in barter and trade through Bentley Commerce's Online Global Trade Alliance and Trade Exchange Network." The first terminals that will process Bentley Commerce's Card transactions are the VeriFone Omni 3750 and 3300 card terminals. Bentley Commerce plans to support additional terminals, such as the Nurit 8100 and 2085, later this year. For members in the U.S. and Canada that do not have a swipe card terminal, transactions can be processed using a touch-tone phone, with one toll-free phone number to call, 24/7. Members can now process transactions over the phone and get account balances, and later on, will be able to conduct searches by area code for trading partners, such as hotels and restaurants. Bentley Commerce already has about half a billion dollars of products and services available for trade in its online global trade marketplace launched earlier this year. It has membership agreements from about half the Canadian barter exchanges and a third of the U.S. barter exchanges to participate in its Trade Exchange Network, in addition to affiliation agreements with 74 online exchanges in its Internet Global Trade Alliance. In addition to online trading, the Bentley Platinum Business Card will enable participating merchants throughout the world, to make offline trade purchases of products and services. This should prove to be especially beneficial to hotels, restaurants, and all types of retail stores and shops that typically find current trading processes cumbersome cum·ber·some adj. 1. Difficult to handle because of weight or bulk. See Synonyms at heavy. 2. Troublesome or onerous. cum . About Bentley Commerce Corporation: Bentley Commerce Corp. is a business-to-business, Internet e-commerce company that is establishing a new marketplace and distribution channel for worldwide barter and trade. Through the development of a seamlessly integrated family of online barter services, it envisions that most barter transactions can be handled over the Internet in real time, with its proprietary VirtualBarter software. Bentley intends to serve as a clearinghouse for barter trades for Fortune 500 trading partners, scores of existing retail barter exchanges that serve companies of all sizes, corporate barter companies that serve large multinational corporations
Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : With the exception of historical information, this news release and accompanying information may include forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various risks. There are numerous factors that could contribute to such differences, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results. For more information about this corporation and risks involved in the investment of their publicly traded shares, please see the company's website(s), and/or documents filed with the SEC, which are easily accessible in the EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. database system. |
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