ClickTex.com Partners with Escrow.com to Provide Secure Online Transaction Management and Escrow Services to Textile Industry.Business Editors & Internet Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Aug. 22, 2000 ClickTex.com, the premier business-to-business Net market for the textile industry, today announced that it has partnered with Escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. .com(TM) to provide comprehensive online transaction management and escrow services for ClickTex.com's e-commerce transactions. With this alliance, Escrow.com will provide its online escrow managed transaction technology as part of ClickTex.com's services offering, providing a safe, secure method for buyers and sellers to successfully complete their transactions. The services offered by Escrow.com manage all the terms and conditions surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. online transactions and greatly reduce the possibility of fraud for ClickTex.com's online buyers and sellers. Acting as a secure third-party intermediary Intermediary See: Financial intermediary intermediary See financial intermediary. , Escrow.com will hold the buyer's money, ensuring all terms and conditions of the transaction are met. Upon acceptance of the merchandise by the buyer, Escrow.com will release the funds to the seller. "The agreement with Escrow.com is designed to give ClickTex.com customers `peace-of-mind' through advanced escrow services," said Michael Rappaport, vice president of business development for ClickTex.com. "We view Escrow.com's role within ClickTex.com as an essential piece of our product offering -- helping to create the Internet's most dynamic, safe and exciting market for transacting textiles." Affiliated with Fidelity National Financial Inc. (FNF FNF Fidelity National Financial FNF File Not Found FNF Friedrich Naumann Foundation FNF Forgiven, Not Forgotten FnF Frags'n'fries (Battlefield gaming clan) FNF Fastest Node First (algorithm) ), the world's largest escrow company, and Micro General Corp., the technology arm of FNF and a leader in e-commerce and trust accounting technology and e-commerce solutions, Escrow.com has created the most reliable online transaction management and escrow solution on the Internet. The platform for Escrow.com's technology was first developed in 1985 and since has managed more than $1 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. in transactions for Fidelity National Financial and other such companies. About ClickTex.com ClickTex.com is the leading business-to-business Net marketplace for the textile industry. ClickTex.com allows users to leverage an advanced e-commerce system to save time and money while transacting textiles internationally. The ClickTex.com team combines more than 100 years of global textile industry experience with experts in technology, international trade, logistics, finance, operations and business development. To learn more about ClickTex.com, visit the company Web site at www.ClickTex.com. About Escrow.com Inc. Escrow.com(TM) and its operating subsidiaries An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , founded by Micro General Corp. (Nasdaq:MGEN MGEN Major General ) and Fidelity National Financial Inc. (NYSE NYSE See: New York Stock Exchange :FNF), offer comprehensive online transaction management services, including online escrow and logistics tracking for the Internet. Its architecture and infrastructure provide a secure and scalable business transaction platform with integrated transaction management solutions and escrow services for business-to-business e-commerce. For more information, visit www.escrow.com. |
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