UPS, AmericasMart Offer Credit to Retailers

FRAMINGHAM (07/07/2000) - ) UPS Capital Corp., the financial arm of the United Parcel Service of America Inc., and AmericasMart.com, an Atlanta-based business-to-business online marketplace, yesterday said they are issuing a MasterCard as well as unsecured line of credit to retailers that purchase goods at AmericasMart's Web site. AmericasMart is an online trading exchange that provides e-commerce services for wholesalers, manufacturers and retail buyers.

The companies said in a statement that with the approved line of credit -- The AmericasMart.com Account -- as well as the credit card, retailers will be able to completely conduct transactions online on the site. The credit can also be used outside of AmericasMart.com, a spokesman said.

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