ITEX Corp. engages in the operation of cashless business transactions and operates as a marketplace. The company is headquartered in Bellevue, Washington. The company went IPO on 2001-05-16. ITEX dollars are only usable by member businesses (its members) to acquire products and services without exchanging cash. The firm service its member businesses through its franchise network in the United States and Canada. The company administers the marketplace and provide record-keeping and payment transaction processing services for its members. Members use its proprietary software, which is designed to facilitate the activities of all parties involved in its trade system, from its corporate management and accounting personnel to franchisees and members. The firm's system provides customer relationship management tools; analytical reports; a categorized listing of members; and a mobile app to register new prospects, complete a transaction, search for other members, and make payments.
