Partners1) eDeposit URL: http://www.edeposit.com A system and method for qualifying a bidder over a global network for an auction helps to significantly reduce or eliminate commerce fraud. An auction site, for example, enlists the system to maintain bidder funding accounts for prospective bidders. When a bid is placed, the funds are reserved in the bidder's bidder funding account including funds for a deposit if required. In the event that a bidder is not the high bidder, the reserved funds are released. At completion of the auction, the funds may be transferred from the winning bidder's bidder funding account to the seller, and the bid holds are released. A balance in the bidder funding account can be established according to funds deposited in the account in an interest-bearing account or via a line of credit issued from a bank card issuing company or the like. | |
2) Bid4Assets URL: http://www.bid4assets.com Bid4Assets, Inc. is a leading full-service asset disposition and advisory services company. Bid4Assets helps clients maximize asset recovery by providing a customized sales solution tailored to each client's needs. The company provides both online and traditional on- location auctions and offers a full range of advisory services such as appraisal, valuation, inventory, audit, shipping, logistics, marketing and settlement. Bid4Assets has three practice groups: Public Sector and Government, Restructuring and Bankruptcy, and Commercial & Industrial Sales. | |
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