Finance News - News Home Credit Card News Banking News Loans News Insurance News Investments News News Archive Finance News Search
Advertisement

Featured Credit Cards for January

Aussie MasterCard

  • Rate : 0 %
  • Balance Transfer :
    % N/A

 

Woolworths Everyday Money Credit Card

  • Rate : 0 %
  • Balance Transfer :
    5.99% (for first 6 months)

 

St George Vertigo MasterCard

  • Rate : 11.89 %
  • Balance Transfer :
    0% (for first 6 months)

 

BankSA Vertigo MasterCard

  • Rate : 11.89 %
  • Balance Transfer :
    0% (for first 6 months)

 

ANZ Low Rate MasterCard

  • Rate : 11.99 %
  • Balance Transfer :
    0% (for first 6 months)

 

Advertisements
Allianz Insurance - click here     HSBC Serious Saver - click here

RAMS Home Loans - click here

Country's 'first business-to-business credit card' launched

Country's 'first business-to-business credit card' launched

Related articles

Date Published : Wednesday, September 17, 2008

Octet has released Australia's first business-to-business credit card, it has been claimed.

The credit card will provide both unsecured and accelerated working capital finance for small and medium enterprises (SMEs), wideformatonline.com has reported.

It is claimed that the card will help the companies operate smoother purchasing and sales cycles.

Clive Isenberg, managing director of the company behind the credit card, said that the past year has been difficult for SMEs with the economic climate making "credit scarce".

Mr Isenberg stated that the idea behind the card was to create a unique financing solution for SMEs that are "trying to grow in this environment".

"They can manage their finances more effectively by collecting funds owed quickly and by building better relationships with their suppliers through consistent payments", he added.

Octet's managing director told the website that the trading card will attempt to remove the pressure from managing working capital.

The uniqueness of the card lies in the fact that it allows SMEs to both "rapidly collect money" that is owed to them while providing them more time to pay their own suppliers.

Mr Isenberg stated the company's new plastic offering will "allow small businesses in this country to reduce their working capital cycle, which is often the fault line for many growing businesses, especially in their establishment phase.â€

Octet is an independent company and is not associated with a major bank.

In related news, Woolworths recently became the first Australian retailer to launch a general purpose credit card.

See the latest on the new Woolworths credit card.
ADNFCR-1411-ID-18785109-ADNFCR

 

 

 

Latest Money News from Money-Au.com.au

  • Finance News
  • Credit Cards
  • Banking News
  • Loans News
  • Insurance News
  • Investments News
Advertisements
St.George Bank - click here   iSelect - click here