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SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Payment Processing Comes Full Circle

February 26, 2002

EBay Buys Back Wells Fargo?s Equity Interest In Billpoint

Inman News Features

EBay and Wells Fargo & Co. announced that eBay has repurchased Wells Fargo's equity stake in Billpoint, eBay's payment subsidiary.

The repurchase price was $43.5 million.

Wells Fargo said it would continue to support eBay Payments by Billpoint through its payment processing and risk management services.

"The increased integration of Billpoint and eBay over time makes this stock repurchase very attractive for both Wells Fargo and eBay," said Billpoint CEO Janet Crane. "We're pleased that our strategic relationship with Wells Fargo will continue, helping us deliver the fastest, easiest and safest payments experience available."

EBay and Wells Fargo formed a strategic relationship in March 2000 to provide eBay's buyers and sellers with its first integrated online payment service. At the time, Wells Fargo acquired a 35 percent equity stake in Billpoint. Nearly a quarter of all eBay listings today offer Billpoint as a payment option, the companies reported.

Copyright: Inman News Service

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