Press Releases

JBT Announces A UCC Filing Service with CLAS; the Second in Suite of Four New Programs for Members

An automated service for filing UCCs to protect Memo Goods.

Published

3 years ago

August 30, 2021

Press Releases

(PRESS RELEASE) WARWICK, R.I. — The Jewelers Board of Trade (JBT), the industry leading resource for jewelry business and credit data announces its second new program within a larger suite of four new initiatives for existing members, an automated service for filing UCCs to protect Memo Goods.

JBT is undergoing its first major refresh in decades focused on technological changes in the industry with new products to better serve members changing needs and to increase internal efficiency.

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What hasn’t changed at JBT is the company’s overarching mission. JBT continues to be the most reliable provider of credit information and marketing data on thousands of jewelry businesses. They maintain a strong commitment to independence, data security, and a focus on serving member’s needs.

Recently JBT announced its preferred Partner Program with Podium to provide messaging tools for jewelers. Podium’s messaging platform enables retail jewelers to better communicate with their customers, garner reviews and testimonials, convert more leads, make meaningful connections, and ultimately better promote their stores.

JBT announces its second new program for existing members; an automated service for filing UCCs. For decades JBT has been telling members conducting memo transactions that they should protect their goods in the event a customer files bankruptcy by filing a Uniform Commercial Code (UCC). Many jewelry businesses don’t take this step – often finding the process too cumbersome and expensive when lawyers get involved. That all changes with JBT’s new UCC filing service. Beginning this Fall, JBT will offer all Enhanced Members an online UCC filing service with CLAS.

In just minutes, a UCC can be filed electronically in 47 states, for less than half the fees charged by a lawyer. Members will have the option to file PMSI for a modest additional fee and will have access to an online portal to track status.

According to Erich Jacobs, JBT President, “The current process for filing a UCC is too time-intensive and expensive. Our new program takes the pain and high cost out of the equation entirely which ultimately makes this a no-brainer for our members.”

Looking for a Seamless Sale? Call Wilkerson

After almost 60 years in business, Breakiron Jewelers in Erie, Pennsylvania, was closing its doors. And the store’s owner, Linda Breakiron, was ready for it. She had run the store as its sole owner since the beginning of the millennium and was looking forward to a change. Of course, she called Wilkerson. Breakiron talked to other jewelers who had used Wilkerson and was satisfied with their response. “They always had positive feedback,” she recalls. With the sales, marketing and even additional inventory that Wilkerson provided, Breakiron insists she could never have accomplished her going-out-of-business sale without Wilkerson’s help. She’s now ready for the journey ahead, but looking back, she’d be sure to recommend Wilkerson. “They just made the whole process very seamless.”