Auction Universe introduced Bid$afe, a new feature to increase security on its transactions by using a intermediary service and insurance for loss or breakage in the mail. Bid$afe will offer money back guarantees on all Visa, MasterCard and Discover transactions; and primary insurance will be underwritten by Pacific Insurance Co. a wholly owned subsidiary of Hartford Insurance Group. In other news, Auction Universe also launched its redesigned Web site created by R/GA Interactive. The site now includes an expanded to 6,000 collector categories.
Copyright September 1998, Crain Communications Inc.