Best3C and Bank of America Agreement Maps New Business Intelligence Avenues.Business Editors/Internet Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Nov. 28, 2000 Leading Financial Institution Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. Makes Best3C First to Provide Online Credit Processing Services Best3C, a leading global business services marketplace offering comprehensive market information and e-commerce services for the buyers and sellers of 3C products worldwide, today announced that with help from Bank of America Commercial Corporation it now provides state-of-the-art credit application and customer service capabilities through the Best3C web site, www.3Cvillage.com. "Our goal is to provide companies with solutions in response to their complete strategic and working capital needs," said Ray Pereira, senior vice president of Bank of America Commercial Finance. "We are pleased and excited to work closely with Best3C, and to be able to offer this fast, convenient and economical solution to customers worldwide." "We scored a strategic coup by integrating this service into 3Cvillage," said Yili Sung, Engineering VP and chief architect of Best3C. "By offering customers comprehensive credit-processing services, trade financing and lease rates for purchases made at our e-marketplace, 3Cvillage customers have the security of knowing that financing is available and committed before purchasing. This is a key ingredient for both sophisticated customers who have capital budgets to manage as well as high growth companies that are managing their cash flow, and it really makes 3Cvillage stand out from the competition." Best3C's expanded services will significantly reduce the wait time associated with credit line processing. By integrating the credit line activation activation /ac·ti·va·tion/ (ak?ti-va´shun) 1. the act or process of rendering active. 2. the transformation of a proenzyme into an active enzyme by the action of a kinase or another enzyme. 3. process into one easy step, 3Cvillage cuts the wait time for new service activation by 50 to 60 percent. Reduced wait time means better customer service, quicker and greater purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. , increased productivity, and less churn churn: see butter. . Building on the momentum gained from recent strategic alliances, Best3C is poised to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. other high-potential vertical industries. Clifford Lavine, Chief Financial Officer of Best3C, is particularly excited by the new services from Bank of America Commercial Finance, stating, "We can now deliver real-time credit approval and online credit usage summaries to our customers along with our personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. content and service. To enhance our customers' experience, we also adopted different standard encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. products to ensure the transaction confidentiality and protection of sensitive information." About Best3C Best3C introduced a revolutionary approach to buying and selling 3C products (Computers, Communications, Consumer Electronics). Best3C operates a proprietary global business services marketplace, 3Cvillage, where businesses profit from old-fashioned service and integrity while benefiting from cutting-edge Internet technology. 3Cvillage offers comprehensive market information and e-commerce services for worldwide buyers and sellers of 3C products and provides buyers and sellers with a dynamic, yet streamlined platform for web-based transactions such as online bidding and auctions, credit approval, payments, real-time logistics tracking and one-to-one marketing management. A one-stop shopping mentality men·tal·i·ty n. The sum of a person's intellectual capabilities or endowment. gets important information to the decision makers in order to make solid and sound purchasing commitments. Best3C is a global company based in San Jose, Calif., with its Asia headquarters in Taiwan. Branch offices in Singapore, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Japan, Korea and China are expected to open later this year. Additionally, in October Best3C established its European headquarters in United Kingdom. Best3C is backed by a Goldman Sachs'-led consortium, which includes some of the largest companies in the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. . For more information about Best3C, visit our website at: http://www.best3C.com. For more information about 3Cvillage, visit our website at: http://www.3cvillage.com. |
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