First Union Joins eCredit.com Global Financing Network as a Financing Partner.Business/Technology Editors DEDHAM, Mass.--(BUSINESS WIRE)--May 24, 2000 Announced During Small Business Week 2000, Participating oneCredit.com Network Part of First Union Strategy to Aggressively Grow Small Business Lending Operations eCredit.com and First Union, the sixth largest banking company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , today announced First Union has become a financing partner on the eCredit.com Global Financing Network(TM). First Union will provide financing services to small businesses that make purchases from manufacturers, online merchants and marketplaces that participate in the Global Financing Network. The eCredit.com Global Financing Network brings together buyers and sellers of credit and financing, and credit information sources to close transactions in real time at the point-of-sale. First Union will leverage the network to receive online financing applications and provide financing decisions Financing decisions Decisions concerning the liabilities and stockholders' equity side of the firm's balance sheet, such as a decision to issue bonds. and terms to vendors and their small business customers - enabling the parties to close transactions over the Internet at the point-of-sale. "Our business lenders have a clear mission: to help small business customers find creative solutions as quickly as possible," said David Carroll David Carroll is the name of:
The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real for e-commerce." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. 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 at eCredit.com, "First Union is widely recognized as a progressive 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. provider that has distinguished itself through a rapidly growing Internet business model. It will play a strategic role in helping online merchants and marketplaces close transactions in real time with small business customers over the Global Financing Network." "Our relationship with eCredit.com emphasizes our tremendous commitment to small business customers," said Martha Hayes, head of First Union's Small Business Banking Division. "We are excited to partner with them to provide small business customers even more opportunities to grow their business." About First Union Corporation First Union (NYSE NYSE See: New York Stock Exchange :FTU FTU Foreign Trade University (Hanoi, Vietnam) FTU Federation of Trade Unions (Hong Kong, China) FTU Formal Training Unit FTU Florida Times-Union (newspaper) ), with $254 billion in assets and stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. of $17 billion at March 31, 2000, is a leading provider of financial services to 16 million retail and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices in 12 East Coast states and Washington, D.C., full-service brokerage offices in 41 states and international offices worldwide. Online banking products and services can be accessed through www.firstunion.com. firstunion.com provides individuals and businesses comprehensive information on financial products, services and planning tools to meet a broad spectrum of needs. The web site also contains company information for customers, shareholders and site visitors. First Union offers a wide range of customer-focused online banking services that cater to more than one million online banking and online brokerage customers. firstunion.com is a key, integrated delivery channel that complements First Union's ATM, First Union Direct, and extensive financial center and brokerage network, allowing customers to bank when, where and how they choose. About eCredit.com eCredit.com is a leading provider of credit, financing and receivables Receivables An asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers. Receivables are recorded by a company's accountants and reported on the balance sheet, and they and include all debts owed management solutions for business-to-business and business-to-consumer commerce. Its software solutions and services run on the eCredit.com Global Financing Network, an Internet-based platform that connects businesses to financing partners and global information sources in real time at the point-of-sale. eCredit.com is headquartered in Dedham, Mass. For additional information, visit eCredit.com on the Web at www.ecredit.com. The eCredit.com logo and eCredit.com Global Financing Network are trademarks of eCredit.com. |
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