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Bentley Commerce Introduces the First Business Debit Card that Enables Cardholders to Pay in Barter

Monday 19 July 2004 18:30 CET | News

Bentley Commerce Corporation, has introduced its Platinum Business Trade Card that is the only debit card that seamlessly processes barter exchange members trade purchases at the point of sale at participating merchant members worldwide, even if the buyer and seller are members of different exchanges.Bentley Commerce is the first to offer swipe card technology to seamlessly process transactions between members of different trade exchanges, and to process transactions internationally, facilitating foreign currency exchange in real time. Most important, its Platinum Business Card uses a standard credit card merchant terminal so that sellers do not require a separate terminal to process barter transactions. Bentley Commerce anticipates that its Platinum Business Trade Card will soon be honored at thousands of locations in the US and Canada, and in other countries later this year. Cardholders will be able to charge purchases in barter, just as they would in cash or credit. The Trade Card uses Bentley Commerces proprietary swipe card software technology on new terminals provided to merchants, or uploaded to merchants existing supported terminals. Cash transaction capabilities are among some of the future enhancements that are planned for its Trade Card. The first terminals that will process Bentley Commerces Card transactions are the VeriFone Omni 3750 and 3300 card terminals. Bentley Commerce plans to support additional terminals, such as the Nurit 8100 and 2085, later this year. For members in the U.S. and Canada that do not have a swipe card terminal, transactions can be processed using a touch-tone phone, with one toll-free phone number to call, 24/7. Members can now process transactions over the phone and get account balances, and later on, will be able to conduct searches by area code for trading partners, such as hotels and restaurants. Bentley Commerce already has about half a billion dollars of products and services available for trade in its online global trade marketplace launched earlier this year. It has membership agreements from about half the Canadian barter exchanges and a third of the U.S. barter exchanges to participate in its Trade Exchange Network, in addition to affiliation agreements with 74 online exchanges in its Internet Global Trade Alliance. In addition to online trading, the Bentley Platinum Business Card will enable participating merchants throughout the world, to make offline trade purchases of products and services. This should prove to be especially beneficial to hotels, restaurants, and all types of retail stores and shops that typically find current trading processes cumbersome.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce