Corporate Profile for TradeCard, Inc., dated May 26, 2000.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: May 26, 2000
Company Name: TradeCard, Inc.
Address: 75 Maiden Lane, 12th Floorx
New York, NY 10038
Main Telephone
Number: 212/405-1800
Internet Home
Page Address
(URL): www.tradecard.com
Chief Executive
Officer: Kurt Cavano
Chief Financial
Officer: John Wolk
Investor Relations
Contact: John Wolk
Business number: 212/405-1800
E-mail address: tcooper@tradecard.com
Public Relations
Contact: Thomas Cooper/Mashyda Schubert
Business number: 212/402-3250/212/405-1811
E-mail address: tcooper@tradecard.com/mschubert@tradecard.com
Industry: International Trade
Company description: TradeCard Fact Sheet Online International Trade Transaction Mission TradeCard is a business-to-business e-commerce infrastructure that enables buyers and sellers to conduct and settle international trade transactions securely over the Internet. By aggregating buyers, sellers and disparate trade service providers, our solution automates and streamlines existing international trade transaction processes, which are complex, paper-based, time-consuming and expensive. Our objective is to provide a secure, reliable, cost-effective and user-friendly solution for conducting and settling international trade transactions. Origin - 1994: The World Trade Centers Association (WTCA WTCA World Trade Centers Association WTCA Wood Truss Council of America (Madison, Wisconsin) WTCA Welsh Terrier Club of America WTCA Water Terminal Clearance Authority WTCA West Texas Cycling Association (Lubbock, TX) ) conceives TradeCard - 1997: TradeCard is formally established - 1998: The TradeCard system receives Patent # 5,717,989 from the U.S. Patent and Trademark Office - 1999: TradeCard becomes an independent company with private equity funding Equity funding An investment consisting of a life insurance policy and a mutual fund. The insurance policy is paid by the collateral value of fund shares, giving the investor the advantages of insurance protection with the growth potential of a mutual fund. from E.M. Warburg Pincus Warburg Pincus is a private equity firm with offices in the United States, Europe and Asia. It has been a leading private equity investor since 1971. The firm currently has approximately $14 billion under management, and invests in a range of industries including information and - 2000: TradeCard launches service Financial Features - Enables large-dollar, cross-border online trade transactions - Combines an assurance of payment with the convenience of paying online - Costs a flat $150 per each transaction under $100,000, and incrementally higher fees for larger transactions - Provides a platform for buyers and sellers to approve or negotiate transaction terms online at no additional cost - Allows buyers and sellers to use their own financial institutions for debits and credits Functional Features - Enables transactions to be completed online - Contains a patented documentary compliance engine - Connects to logistics providers, inspection agents, cargo insurance, credit financing, and foreign exchange services - Displays buyer- and seller-approved documents online, and tracks the entire transaction workflow, improving data accuracy - Provides step-by-step task lists for buyers, sellers, and service providers - Ensures security with 128-bit 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. , digital signatures, and a two-factor user ID system Management Team Kurt Cavano, Chairman 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. Guy Rey-Herme, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Jonathan Wolk, Chief Financial Officer and Treasurer Nestor Zwyhun, Chief Technology Officer Peter Melchior, Vice President of Product Management Charles H. Silverman, Vice President of Business Development and Global Sales Michael Klausner, Vice President of Marketing Offices TradeCard, Inc. Corporate Headquarters 75 Maiden Lane, 12th Floor 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 , NY 10038 212/405-1800 212/405-1801 Fax E-mail: info@tradecard.com TradeCard Asia/Pacific Limited Unit 1106, Tower 2, Lippo Centre Lippo Centre may refer to:
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