Global Financial Platform (“GFP”) (patent pending)
C-Me’s GFP eliminates the need for letters of credit by allowing SMEs in other countries to ship merchandise to pre-approved retailers in the United States.  Letters of credit have historically been the predominant means of payment for international trading.

C-Me pioneered this process by establishing the first tri-party agreement with The CIT Group and Bank SinoPac in Taiwan.  By virtue of  C-Me’s international factoring agreement,  SMEs, retailers, international banks and CIT are linked to its Global Financial Platform (patent pending). Through this arrangement, each of the tri-party participants play an integral role.  First, CIT guarantees the credit worthiness of the U.S. retailers.  Secondly,  Bank SinoPac provides working capital financing and acts as the conduit for foreign SMEs to receive payment. Through C-Me’s GFP (patent pending) that, U.S. retailers can purchase overseas merchandise, just as they purchase domestic merchandise, with open terms and without the need to open letters of credit.  Overseas SMEs ship merchandise to pre-approved retailers without payment risk.  SMEs can also utilize the platform for advancing cash flow. 

Click here to get more details of our Global Financial Platform (patent pending)

Non-Fraudulent Online Auction (patent pending)
Statistics show that approximately 25% of all online auction transactions are fraudulent.  Under current auction models, the seller must receive payment from the highest bidder before the merchandise is shipped.  This creates the opportunity for fraudulent or disputed transactions.  In fraudulent transactions, the buyer may not receive the merchandise per specifications posted by the seller.  The wrong merchandise may arrive, quality may not be as represented, or the merchandise may never even be shipped.  On the sellers’ side, if the highest bidder does not make payment, the seller will be unable to locate the second highest bidder and the transaction will be lost.  There are companies such as I-escrow, E-escrow and some insurance companies that are attempting to resolve these problems.  C-Me believes that I-escrow and E-escrow companies cannot resolve, in a cost effective manner, these issues primarily because of the logistics and inspection costs involved.   Insurance companies charge premiums that approximate a 10% fee of the transaction amount.

C-Me has applied for patent protection for its Wholesale Auction Center (“WAC”), which is under development.  Among other things, the WAC  eliminates fraudulent transactions in on-line auctions.  The process involves sellers that have an agreement with C-Me and with a factoring corporation that collects for the seller.  The seller also provides payment terms of at least Net 30 days. Each buyer, before entering the WAC for bidding, is pre-approved by the factoring corporation and uses pre-approved auction dollars.  In this way, the buyer will not pay for merchandise until he has had 30 days to evaluate that the merchandise received is of the same or better quality as the item posted by the seller.  The seller will have no payment risk because the factoring corporation has assumed the credit risk of the pre-approved buyer.