SquareTrade Assembles Renowned Mediators and Arbitrators To Form Business Panel To Service High-End Online Business Marketplaces
SAN FRANCISCO - June 26, 2000 - SquareTrade, the leading innovator
in online trust development, reputation enhancement and dispute
resolution for e-commerce, announced today the establishment of the
SquareTrade Business Panel comprised of nationally-recognized
mediators and arbitrators. Business Panel members have extensive
experience handling multi-million dollar disputes and will mediate or
arbitrate complex and high-value disputes occurring in online business
exchanges. Any business-to-business exchange, including those serving
the electrical, chemical, automotive, manufacturing and even intellectual
property industries, can benefit from SquareTrade's high-quality dispute
resolution services.
"My experience with
SquareTrade's Online Dispute Resolution process convinces me that the
benefits of mediation-control, flexibility, efficiency, common sense-are
just as real for business-to-business disputes online as they have proved
to be in resolving traditional commercial disputes," says SquareTrade
Business Panel member Richard Collier, a trial lawyer and mediator with
experience resolving high end commercial disputes.
The 15 initial Business
Panelists have subject matter expertise in mediating and arbitrating a wide
array of dispute types. Their specialty subjects include international and
domestic commerce, insurance, construction, bankruptcy, securities,
employment, labor, intellectual property, general real estate, federal
regulatory, maritime, environmental and health law. Business Panel members
currently teach at leading academic institutions and have conducted
training and/or provided mediation and arbitration services to Fortune 500
companies and government agencies including: the U.S. Department of Justice,
the U.S. Department of Labor, the Internal Revenue Service, NASA, FDIC, the
World Bank, SEC, EEOC, IMF and various State courts. The high-level and
diverse experience of the panel members allows SquareTrade to handle complex,
high value cases and provide a premium level of service to disputing
businesses.
"Companies will be hesitant
to trust business-to-business online marketplaces until they can be assured
that they will receive an equal, if not greater, level of professionalism and
service than they do offline," says Steve Abernethy, chief executive officer
of SquareTrade. "For the SquareTrade Business Panel we've assembled the top
mediators and arbitrators with experience spanning many industries to allow
online marketplaces and their buyers and sellers access to the highest quality
online solution for Online Disputes."
SquareTrade currently offers
the SquareTrade Seal and dispute resolution service to eBay buyers and sellers
and Onvia small business customers. In addition, all online entrepreneurs and
businesses can apply for the SquareTrade Seal, which they can display on their
Web sites. The Seal helps build buyer confidence and represents a seller's pledge
to providing a high level of customer service, and to using SquareTrade's Problem
Solving Service and technology should a dispute arise that cannot be handle via
normal customer service channels.
About SquareTrade
SquareTrade is the leading
innovator in online trust development, reputation enhancement and
dispute resolution for e-commerce transactions. SquareTrade's critical
e-commerce infrastructure gives buyers and sellers--both consumers
and businesses--the confidence they need to conduct transactions
online. SquareTrade addresses the all-important issue of building
trust in e-business relationships, which is one of the essential
enabling factors required before there will be substantial transaction
volume in online marketplaces. The digitally watermarked SquareTrade
Seal establishes an online seller's customer service track record,
helps build buyer confidence and serves as the first line of defense
against fraud. The Seal is backed by SquareTrade's patent-pending
Internet-based dispute resolution service and international network
of 250 mediators and arbitrators. Founded in 1999 and today with
over 60 full-time employees, SquareTrade is based in San Francisco,
Calif. For more information, employment opportunities or to contact
SquareTrade representatives, visit the Web site at www.squaretrade.com.
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