Deutsche Postbank AG is the first bank in Europe to launch TradeCard, a platform allowing document-based transaction processing from purchase order to payment over the internet. TradeCard Inc., headquartered in New York, automates and integrates documentary workflow and settlement processes in international trade transactions. The platform allows complete visibility into the financial and logistics supply chain and seamless transaction management without the need to go off-line. All documents are in electronic format and allow real-time transaction management. TradeCard’s solution is cost-effective and offers extensive value-add services such as payment protection and cargo insurance.

“For Postbank as financial transaction specialist and subsidiary of Deutsche Post World Net, involved in global logistics, TradeCard is the ideal addition to our international trade payment business,” stresses Stefan Jütte, board member and Head of the corporate banking division at Postbank. “Trade-Card’s document-based trade finance transaction capability will enable us to offer vital new services to our international corporate clients.”

“TradeCard and Postbank, along with their parent organization Deutsche Post World Net which owns DHL and Danzas, share the same philoso-phy,” commented Kurt Cavano, Chairman and CEO, TradeCard Inc. “We both understand the importance of connecting the flow of goods and of money and that we can offer our customers significant savings through greater process efficiencies and paperless transactions. This is the perfect partnership.”

TradeCard is market leader in financial supply chain services solutions in the USA and in Asia. TradeCard was selected as „Best Online Trade Fi-nance Service and Logistics Provider“ by Global Finance Magazine three years running. The alliance with Postbank signifies its launch into the European market.

In combination with the logistical services of DHL and Danzas already linked to the platform, TradeCard as a financial logistic solution and eCommerce solution will become a one-stop-shopping solution in the Deutsche Post World Net Group.