CheMatch.com Taps CertCo Risk Management Exchange to Provide Credit Risk Services for Buyers and Sellers; Leading Chemical Exchange To Incorporate New CertCo RMX Offering.Business Editors & High Tech Writers HOUSTON--(BUSINESS WIRE)--Sept. 6, 2000 CertCo Inc., the leading provider of risk management and security solutions for B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. , today announced that CheMatch.com, a leading marketplace for bulk commodity chemicals, plastics and fuel products will soon integrate the CertCo Risk Management Exchange(TM) (CertCo RMX RMX Remix (music) RMX RockMan X (video game) RMX RetailersMarketXchange RMX Reverse Mail eXchange RMX Remote Mail Exchange RMX Realtime Multitasking Executive RMX Reverse Mx RMX Real Music Jukebox (TM)) into CheMatch.com's Global Trading Network(SM). The CertCo RMX effectively enhances B2B e-commerce by reducing the credit risk of doing business with a new or previously unknown trading partner. The service is delivered to online exchanges via an application service provider (ASP) model. Through CertCo RMX, CheMatch.com will offer its members access to financial, business and credit information for member companies of its exchange, enabling them to seamlessly conduct high-value transactions in real-time with the click of a mouse. CheMatch.com members will be able to request needed information and services from CertCo RMX through the CheMatch.com site, giving them the tools to effectively manage credit risk. CertCo RMX provides the first risk management infrastructure that allows businesses to authenticate buyers' and sellers' identities and credit worthiness, verify purchasing authority, and insure transactions, all within an online exchange. These services are provided through CertCo's strategic alliances with initial backend service providers including Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank and Media General Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , along with CertCo's own patented digital signature solutions. Users of CertCo RMX also will have access to the SEC's 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 and services from additional risk service providers will be incorporated on an ongoing basis. "As CheMatch.com continues to aggressively expand our membership, we have seen a dramatic increase in the volume of bulk commodity chemicals, plastics and fuel products being traded through our system," said Carl McCutcheon, CheMatch.com's chairman, president and chief executive officer. "Over 500 member companies have joined our Global Trading Network(SM). By offering them an integrated risk management solution with CertCo RMX, they can become more comfortable with the credit worthiness of prospective trading partners." Upon initial integration, CheMatch.com members will have access to CertCo RMX's suite of risk management services, including: -- In-depth reports, credit analysis and credit scoring for public and private companies worldwide from a leading provider of business information; -- Financial and business information offered by Media General Financial Services for all public companies in the United States and Canada; and -- Access to the SEC's EDGAR Database. CertCo will offer additional services in the future, including: -- Transaction insurance; -- Trade finance advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal ; and -- CertCo's patented public key infrastructure (PKI (Public Key Infrastructure) A framework for creating a secure method for exchanging information based on public key cryptography. The foundation of a PKI is the certificate authority (CA), which issues digital certificates that authenticate the identity of ) services, including digital signing, real-time certificate validation and transactional insurance. "CertCo RMX helps online exchanges enable their members to manage the credit risks associated with conducting high-value trade via the Internet," said June Felix, chairman, president and chief executive officer of CertCo Inc. "As companies increasingly turn to exchanges such as CheMatch.com to conduct critical business transactions, they are seeing a pressing need for solutions that ensure the transaction's viability and security. We are working with CheMatch.com to provide its members with a host of information and services that will further increase confidence in the 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. process." By employing CertCo RMX, which reduces the uncertainty and risks involved with online transactions, online exchanges such as CheMatch.com can expand the range of acceptable trading partners for their members and potentially increase the frequency of transactions. The CertCo RMX service's single XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. interface makes it easy for exchanges to integrate risk management capabilities into their existing infrastructures, freeing them to focus on their core business objectives and helping them achieve an edge in serving their members' needs. About CheMatch.com CheMatch.com (www.chematch.com) is a global Internet exchange and information resource for buying and selling bulk commodity chemicals, plastics and fuel products. CheMatch.com creates a seamless, global marketplace where users can trade 24 hours a day, seven days a week. Strategic and financial investors include Battery Ventures, Bayer AG (NYSE NYSE See: New York Stock Exchange :BAYZY), (FSE FSE 1. feline spongiform encephalopathy. 2. focal symmetrical encephalomalacia. :BAYG.F), Computer Sciences Corporation (NYSE:CSC), Dewitt & Company, DuPont (NYSE:DD), Millennium Chemicals (NYSE:MCH See Intel Hub Architecture. ), H. Muehlstein & Co. Inc., Reed Elsevier, Sprout Group, Stolt-Nielsen S.A. (Nasdaq:STLTF), (Nasdaq:STLBY), (Oslo Stock Exchange Oslo Stock Exchange An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway. :SNIB snib tr.v. snibbed, snib·bing, snibs Chiefly British To latch (a door or window): "[The] window is snibbed on the inner side" ) and TownsendTarnell Inc. Headquartered in Houston, CheMatch.com has international offices in the United Kingdom, Singapore and Tokyo. About CertCo(R) Inc. Founded in 1996, CertCo Inc. is a leading provider of risk management and security infrastructure solutions for B2B e-commerce. CertCo provides corporations, financial institutions, online exchanges and governments with business solutions that enable them to safely conduct global, high-value transactions over open networks -- effectively removing the "last hurdle" in end-to-end B2B e-commerce. The company offers a full suite of risk management and security services that leverages its thorough understanding and experience with business process, legal, technology and cryptography issues, as well as its deep and long-standing relationships with insurance and financial services providers. Based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and privately held, CertCo also operates a research and development office in Cambridge, Mass. More information is available at www.certco.com. |
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