Secure transactions for business transactions help companies build trust with their customers and protect themselves from liability and reputational damage. Customers are more likely complete their purchases and return to your business when they are confident that their data and funds are safe. It is imperative that businesses of all sizes recognize the importance of this and take steps to secure their online operations.
If you’re looking to digitize your transactional processes for greater efficiency or need a robust security solution to protect against cyberattacks, IBM has a variety of trusted solutions. From transaction and security software to a world-class mixed languages application server platform you can rely on IBM to ensure secure transactions for your business.
A secured transaction occurs when a creditor agrees to take personal property as collateral as payment for a loan. This assures that the debtor will pay back the loan by liquidating the asset. To be able to successfully navigate secured transactions it is crucial for lenders and borrowers to know their rights click reference and recourses, including access to information as well as amendment rights, default enforcement rules and much more.
The Uniform Code of Secured Transactions (UCC) provides an extensive legal framework for all personal property-related secured transactions, but each state may have specific laws that alter and expand the coverage of UCC Article 9. Anyone involved in secured transactions must be able make informed decisions based on the laws of each state applicable to each type of security.