UPS CAPITAL

UPS Capital was born from an idea in the late 1990s to create a financial services division within UPS®. UPS Capital at first leveraged an existing UPS product, i.e., collect on delivery (C.O.D.), as its core service offering. But it was not long before the traditional C.O.D. model was improved with financial benefits designed to help accelerate and secure the flow of funds between UPS shippers and their customers. The success of these enhancements led to other financial products and service... s, including asset-based lending (ABL), equipment leasing, domestic and international factoring, UPS Capital-branded credit card for small businesses and employees, and electronic bill presentment and payment, which still serve UPS customers today. Also at this time, UPS Capital began opening offices in the United Kingdom, Taiwan, Hong Kong, and Norway to build an international network that supports customers’ trade finance needs.More