(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.
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.”