Internet Transaction Management Problem Solved at Manchester University-www.acceptingu.com

One of the greatest problems for anyone hoping to trade on the Internet and for anyone wishing to buy from the net is the fear of credit card fraud. A new company, Actium Technologies, based at Manchester University, has now solved this problem of trust.

Research from a major credit card company has revealed that 85 percent of consumers have concerns about shopping on-line. Fraud, poor service and quality all threaten the future of the Internet. Supported by Campus Ventures, based at Manchester University, Acceptingu.com team has devised a unique approach to trading on the Internet with a simple idea. Acceptingu.com creates safe trading environments that will solve problems for both consumer and supplier buying and selling on the net. The company is a unique collaborative venture, set up by three non-technology pioneers to provide simple but effective solutions to SMEs in a language that SMEs understand.

www.acceptingu.com has a simple but unique system, which acts as an intermediary exchange service. It takes orders and payments from customers but holds the money until the customer is completely satisfied with their goods. Only then will the trader receive payment, therefore successfully establishing a sense of trust and confidence. The site comes complete with an assortment of web tools and backup services to help SMEs start trading with minimum of fuss and cost. It is the first such integrated system at such low cost in the UK.

Late payment problems are eliminated altogether by using acceptingu.com, buyers pay in advance using the system, all the trader has to do is deliver the goods as promised. If the buyer is not satisfied they can return the goods and obtain a refund once the merchant has had the goods returned.

There are many other benefits to using this service, credit card fraud is reduced and this also increases profits. You can also increase your profits up to 30 percent on all exports. How? By eliminating the cost of setting up letters of credit and paying bank charges, when dealing directly with the customer who has paid in advance, you dramatically reduce the risk of default, none payment and dispute by other traders, thus improving the bottom line of all companies.

Silicon valley of the North

The incubator for high-tech start-ups, Campus Ventures, backs Acceptingu.com. The incubator is part of The Incubation Partnership, a unique collaboration of the universities of the North West region, the aim of which is to help nurture and support scientists and technologists in the early years of their business development. Campus Ventures is recognised worldwide for outstanding excellence and achievement and since its inception in 1995 over sixty new enterprises have benefited from its packages of support, specifically designed to satisfy the needs of technologists. Many

of them have emerged as 'tech stars and are now trading profitably and becoming significant contributors to the North Wests economy.
   
All SMEs of all sectors can increase profits and increase their chances of market survival on the Internet by reassuring potential domestic and overseas buyers of their trustworthiness and ability to deliver the goods as advertised. Acceptingu.com can reduce many of the risks associated with doing business on the net with and it is simple and effective for small to medium size enterprises.

For further information contact Mohammed Choudhary or Gary Buckley on 0161 276 8321 or email sales@acceptingu.com