Arbinet Launches Settlement Service

RapidClear settlement service allows members to collect receivable payments within as little as two business days

October 15, 2003

1 Min Read

NEW BRUNSWICK, N.J. -- Arbinet-thexchange, the full-service trading solution for buyers and sellers of voice minutes, announced today the introduction of RapidClearSM, the accelerated settlement service that allows Members to collect receivable payments within as little as two business days. With RapidClearSM, Members collect payment much sooner than the industry-average 45 days sales outstanding (DSO), shrinking working capital requirements and freeing cash to grow their businesses. RapidClearSM enables carriers to improve financial liquidity with:

  • Centralized minutes clearing

  • Secured receivables collection

  • Two fast payment options:

  • 7-day billing cycle with 2-day payment

  • 15-day billing cycle with 3-day payment

  • No monthly revenue minimum

  • Fast electronic payment

"By leveraging thexchange’s expedited settlement process and secured collection of revenues, our Members have an unprecedented opportunity to free up capital and accelerate business growth, " says J. Curt Hockemeier, President and CEO of Arbinet-thexchange. "These financially stronger Members should in turn enhance thexchange liquidity."


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