CBP certifies QuestaWeb as a software vendor for Periodic Statements in the Automated Commercial Environment
Westfield, NJ (PRWEB) November 10, 2004 -- QuestaWeb, Inc., a provider of integrated import and export management software solutions, today announced that it is certified by U.S. Customs and Border Protection (CBP) as a software vendor for the Periodic Statement Processing.
QuestaWeb's software has successfully passed the test and demonstrated its ability to properly handle inbound and outbound transactions in the Automated Commercial Environment (ACE) environment.
Under a preauthorized agreement, the payer's bank account is electronically debited. The electronic debit to the payer's account occurs only when the payment authorization has been accepted by the U.S. Customs Service and only for the amount of the accepted payment authorization transaction.
"The launch of periodic payment and other account revenue capabilities marks a key period of growth for ACE and CBP," Commissioner Robert Bonner said in a prepared statement. "This is another important step toward enhancing our ability to both protect America's borders and expedite legitimate trade."
"QuestaWeb's customers, importers and customhouse brokers, can now receive a monthly listing of their daily account statements and make one monthly payment via the Automated Clearing House (ACH) electronic funds transfer system, similar to commercial credit card payment processes," said Wayne Slossberg, VP of Sales at QuestaWeb.
About QuestaWeb
QuestaWeb is a provider of integrated web-based global trade management software solutions. Its flagship product, TradeMasterQW, pro-actively manages the export and import processes for importers, exporters, forwarders, and brokers, thereby streamlining cross-border operations.
The TradeMasterQW business model unifies trade, logistics, compliance, and financial processes promoting worldwide collaboration. The centralized global database maintains up-to-date import and export content, and supports multiple languages, industries, currencies, and time zones.
QuestaWeb was one of the first companies certified by U.S. Customs for their electronic connectivity initiatives. TradeMasterQW accelerates the flow of goods across the global supply chain, reduces inventory and operational costs, and ensures compliance with ever-changing cross-border regulations.