Clareon Corp. Announces Alliance With eCredit.com; Strategic Agreement To Provide Complete Solution For Online Credit And Web-Based Payment Processing.Business/Technology Editors PORTLAND, Maine--(BUSINESS WIRE)--July 17, 2000 Clareon Corporation, developer of the first business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) payment network for secure, information-rich, bank-neutral, Internet-based digital transactions, today announced that it has entered into a strategic marketing agreement with eCredit.com, provider of real-time credit and financing solutions. Through co-marketing and integration of each company's services, the alliance enables B2B clients to obtain financing and execute payments online without having to seek multiple service providers. Under terms of the agreement, Clareon and eCredit.com will undertake cross-marketing efforts and work to integrate their respective online payment network and B2B credit evaluation and financing technologies. Each party will grant the other a limited license to allow for integration of proprietary technology. "There is clear synergy between eCredit.com's services and our own," said Clareon President and 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. Paul Walsh Paul Anthony Walsh (born 1 October 1962 in Plumstead, London) was a diminutive and pacy centre forward who shot to fame in the 1980s after joining Liverpool. Playing career Charlton Athletic . "By adding eCredit.com's online financing and credit approval services, we will be able to offer B2B buyers and sellers a complete online purchasing and financing system." "The strategic marketing agreement with Clareon will allow us to broaden our capabilities in providing business-to-business customers seeking complete transaction solutions--from automating credit and financing to managing electronic payments," said Peter McKay
Peter McKay (1925 – 2000) was a Scottish footballer who played mainly for Dundee United and holds the record of being the club's all-time top goalscorer with 158 league , president of eCredit.com. "In turn, Clareon customers will now gain access to real-time credit and financing, broadening their Internet buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. ." The integration of Clareon's online payment network and the eCredit.com Global Financing Network(TM), which automates the credit and financing decision process from credit bureau information access to credit scoring Credit scoring A statistical technique that combines several financial characteristics to form a single score to represent a customer's creditworthiness. and notification of decisions, will initially begin with select customers and then broaden in availability. About Clareon Clareon Corporation, launched in March 2000, has pioneered the first, bank-neutral, business-to-business payment network to support secure, information-rich, Internet-based digital transactions between companies doing business on the World Wide Web. Clareon's payment network is based on technology originally developed by a consortium of leading financial institutions and technology providers for the U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. Department in 1998. The high-speed, real-time, high-volume business payment network enables businesses to realize significant cost savings and the ability to transact electronic payments between any company, anywhere, regardless of geography or existing bank relationships. Clareon has secured $15 million in venture funding from the Mayfield Fund Mayfield Fund is a venture capital firm located on Sand Hill Road in Menlo Park, California, home to many of Silicon Valley's leading venture capital firms. Mayfield was founded in 1969 by Tommy Davis, one of the first venture capitalists. , Berkshire Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and BancBoston Ventures. The company employs 45 people and is headquartered in Portland, Maine's historic Old Port. For more information on Clareon, visit www.clareon.net. About eCredit.com eCredit.com is a leading provider of automated credit, financing and receivables management solutions for Global 2000, diversified financial services and e-commerce companies. Its software and infrastructure solutions for B-to-B and B-to-C commerce run on the eCredit.com Global Financing Network, which connects businesses to financing partners and global information sources in real time at the point-of-sale. eCredit.com, headquartered in Dedham, Mass., is a partner company of Internet Capital Group (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ICGE). For additional information, visit eCredit.com on the Web at www.ecredit.com. |
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