Electronic Alternatives to Letters of Credit:

A complete secure electronic trade payment system that includes production of Bills of Lading and other documents. Developed by leading international banking institutions.

A system using a VISA debit card to replace many Letter of Credit and other international payment transactions.

A co-venture between Citigroup, SAP AG and DCE Ltd that is developing a business-to-business finance and payment solution. Its goal is to set a standard for business-to-business payments, with a total payment solution that enables online secure payment between buyers and suppliers, in both traditional supply chains and e-commerce communities.

System of payment that eliminates the use of Letters of Credit in smaller transactions ($10,000 - $100,000).