Mar 3 2005
The world’s first business credit checking service using mobile phone technology has been launched in the UK by creditgate.com.

The service uses SMS texting to provide instant answers on the financial status of UK companies.

creditgate.com, a leading online business information provider, believes the service will be especially attractive to companies with a field sales force needing to complete transactions on the move but with no access to information.

The SMS text service delivers current business status reports automatically to any type of mobile phone anywhere in the world in seconds, enabling companies to confirm the identity and financial reputation of potential customers before they agree to trade with them.

creditgate.com predicts SMS credit checking will become an essential corporate tool in the fight against bad debt, business fraud and money laundering.

“Everyone wants instant access to information these days and commercial trading and business risk management is one area that can truly benefit from the speed and accessibility of SMS messages,” says Phil Smith, managing director of creditgate.com, who brings 20 years experience at international accountants PricewaterhouseCoopers to the company.

“SMS technology allows us to quickly and easily deliver essential commercial data directly to customer mobile phones wherever they are and whenever they need it, thereby enabling them to make informed business decisions on the spot.“

According to recent figures, almost 60 per cent of businesses never check the credit worthiness of their customers before dealing with them, despite the fact that late and non-payment remains the major cause of business failure.

creditgate.com’s management team, who have over 30 years’ industry knowledge and experience between them, have developed a market leading and unique credit reporting system, built using the latest leading edge technology.

The service includes pioneering pay-as-you-go pricing and discounting and a free-of-charge market leading monitoring service that immediately alerts clients by email or SMS to any change in the credit status of their customer base.

For further information about online and SMS based credit checks visit www.creditgate.com