Keep your cash for longer

US Bank is expanding its freight-payment trade finance service into Europe. Through its Brussels-based subsidiary, Elavon Freight Payment, the bank will allow shippers to hold onto their cash longer while accelerating payment to their carriers. This, it says offers carriers a cost-effective alternative to factoring and other financing options commonly used in Europe today. The new trade finance tool is the first solution of its kind on the Continent, adds ... [+]

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