Online Credit Applications: Doing It Right
Originally Published: March 2013
Disclaimer: The information in this article is not, nor is it intended to be legal advice. It is imperative that any action you take be done on the advice of competent legal counsel, and not based solely upon this article.
Since the creation of the World Wide Web (WWW) in 1989, the Internet has radically changed how we receive information, learn, interact, buy and sell. In December 2012, total Internet users worldwide reached a staggering 2.4 billion. (More information and links available at the end of this article.)
As the B2B world keeps pace with the cyber revolution, business transactions are trending away from paper documentation and shifting toward email and online forms. Many see credit applications as a good candidate for this electronic approach.