bartercard NZ

Small Business Owner in Auckland, New Zealand

The International Reciprocal Trade Association recently released an announcement regarding a contingent contract with Bartercard parent company BPS Technology and the following are the key points from IRTA’s release. During the past seventeen years the barter software industry has grown, providing barter exchanges a large choice of software platforms to choose from, many of which provide their own version of inter-exchange currencies. These inter-exchange currencies, in effect, compete with IRTA’s subsidiary UC (Universal Clearinghouse, Inc.), thereby further splintering the industry, which is counter to its original goal of providing a true universal trading currency to unify the industry. Throughout this time, UC released their barter software platform from various software companies and in the last four years they explored creating their own software and examined other cooperative arrangements with existing software companies.