News - Escrow.com & Chinapartners.net
Escrow.com to Provide Escrow Services for Chinapartners.net, Other CBQ, Inc. Properties
ADDISON, Texas and IRVINE, Calif.--(BUSINESS WIRE)--April 6, 2000-- CBQ, Inc. The E-Business Marketplace (OTC BB:CBQI) announced today an agreement for Escrow.com to provide escrow services for all CBQ properties including Chinapartners.net, chinasoftinternational.com, and bid4it.com. Escrow.com services will also be offered to all of CBQ's PriorityCASH customers for integration into their e-commerce sites.
Escrow.com services greatly reduce the possibility of fraud in online transactions between buyers and sellers who may be complete strangers. Acting as a third party in business-to-business, business-to-consumer, and consumer-to-consumer transactions, Escrow.com holds the buyer's money, which is released to the seller after the buyer inspects and accepts the merchandise. For more information, visit escrow.com.
Escrow.com is an affiliate of Fidelity National Financial, a
150-year-old company that will soon be the largest provider of title and escrow services in the United States upon finalization of a merger with Chicago Title Corporation. Escrow.com brings online customers the same powerful escrow services that Fidelity has been offering its clients for years.
Escrow.com benefits include:
-- Proven Reliability: Escrow.com is backed by Fidelity's 15 years of escrow experience
-- Safety: Fidelity safely manages billions of dollars yearly in escrow transactions
-- Affordability: Very competitive escrow fee charged for each transaction
-- Multiple Payment Methods: Options include credit card, cashiers/personal/certified check, money order, or wire transfer, with more options to come
-- Security: Funds are released to the seller only after the agreed upon inspection period, eliminating the concern for merchandise not being received or satisfactory
-- Trust: Information is kept completely private
-- Secure Shipping: You may only use select couriers with tracking capabilities.
Micro General Corporation developed Escrow.com's escrow engine. Fidelity uses Micro General software to handle nearly $100 billion in transactions annually. Since it began developing software for escrow and trust companies in 1985, Micro General's products have withstood the rigors of the commercial and residential real estate industries. The company has installed its escrow trust accounting software
nationwide in thousands of escrow and trust offices.
"Escrow.com represents a logical extension of our PriorityCASH services," said John Harris, CEO, CBQ, Inc. "Their vast experience in the escrowing of funds will enable our Chinapartners.net site to offer extended benefits to its member companies.".....
About CBQ, Inc.:
CBQ, Inc. The E-Business Marketplace is a total end-to-end provider for implementing customer driven e-business solutions. Through its subsidiaries Reliance Technologies, Inc. and Priority One Electronic Commerce Corp., CBQ can design, implement, host, build traffic and process payments for its customer's e-business initiatives. CBQ also wholly owns two subsidiaries, ChinaSoft, Inc. and China Partners, Inc. ChinaSoft is a joint-venture partner with CCSoft Technology Developing, Ltd. that provides services including software development for enterprise computing and Internet development. China Partners is focused on facilitating trade and investment opportunities between U.S. and Chinese companies. Visit cbq.com for more information. |
