As Cargo Network Services Corp. (CNS) meets this week in Palm Springs, California, it is significant to remember the exciting new agreement between PayCargo and CNS reached in fall 2017, which will be featured in great detail as part of “Innovation Stage” during the CNS event.
“Simply put,” declares Leo Hanon, Executive Vice President of PayCargo based in Coral Gables, Florida, “the PayCargo CNS pact provides an expressway for the air cargo industry to pay online for imports in the U.S.
“Actually, IATA reporting recently that the air cargo industry is a key enabler of the global economy, which has grown to 35 percent of global trade by value, can also mean the time is right for PayCargo.”
“PayCargo initially began in the maritime transportation business, moving quickly into rail, warehouse, air cargo handlers, and more recently with airlines on inbound air cargo fees,” Mr. Hanon declared.
“The dynamic contribution that the PayCargo platform provides allows CNS to better serve the airlines and their clients, shifting to electronic means a whole industry culture that still relies on paper checks, vouchers, cash, and even credit cards.”
“PayCargo eliminates the traditional resource-intensive system of requesting, printing, mailing, or delivering checks, wire transfers, or cash, with a majority of the vendors releasing the cargo within an hour after receiving the ‘Payment Approval’ alert from PayCargo.”
“With the PayCargo-CNS System,” Mr. Hanon said, “importers can make online payments within minutes and the payment data will flow to the airline immediately, allowing the importer to pick up their cargo at the airport facility within one (1) hour for a simple flat fee of $5.00 per transaction.
“The airlines will receive their funds from PayCargo-CNS overnight and see the funds in their bank account the next morning.”
Currently, the PayCargo-CNS program, which launched at the end of 2017, features CEO Eduardo Del Riego, who has been described as ‘a visionary leader.’
“With CNS’s longtime relationship with the airlines,” Mr. Del Riego declared, “and PayCargo’s adoption by the importers to expedite their payments for urgent release of cargo, it was a natural for the two companies to offer an innovative solution to connect the payer and vendor on a real-time payment platform for import shipments.”
In addition to several entrepreneurs, including former CNS President Lionel Van Der Walt, who joined the PayCargo Board last November, the company also features the aforementioned Leo Hanon, who transitioned over from CNS to run the PayCargo CNS program, and Juan Dieppa, who serves as COO and will be in attendance at CNS Partnership.
PayCargo is presenting its offering Tuesday 8:30 am-9:00 am on the Innovation Stage.
PayCargo is seen as a bold move to consolidate a strong team of entrepreneurs and business visionaries on a mission that might revolutionize air cargo delivery via secured and cost-effective payment solutions.
It seems CNS have found themselves great partners in PayCargo.