Wachovia Bank Extends Services of its Import-related Trade Payment Tool

Wachovia Bank’s International Division has expanded the services offered by its Internet-based tool for all import-related trade payment activity, CyberImport. CyberImport now offers importers the ability to manage their open account cross-border settlement activity on the same platform as their letter of credit and documentary collection activity. ‘When we launched our proprietary Web-based trade processing platform in 2001, we said we would regularly add differentiating functionality,’ said John McFadden, Manager of Trade Product Management and Development. ‘This open account release is our most significant enhancement to date.’


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