Group Members will Receive Payment Solutions for their Shipping Business
ATLANTA, Nov. 08, 2011 – PayCargo, LLC, a provider of electronic invoicing and settlement solutions for the shipping industry, and part of First Data Corporation, a global leader in electronic commerce and payment processing today announced an agreement with the Gemini Shippers Group, an association that offers membership to importers and exporters of various products.
Gemini Shippers Group has hundreds of members; shipping thousands of containers per month. With this agreement its members will have access to PayCargo’s electronic invoice payment and presentment (EIPP) solutions, as well as third party payment terms for their payables. Some of these solutions include data-rich electronic invoicing, ACH Payments, additional credit terms, complete visibility of payables and receivables, dispute resolution tools and comprehensive reporting.
Gemini already receives bill of lading and invoice data from many carriers on behalf of its members, and now Gemini can transfer this data to PayCargo so that their members can view, dispute, or approve them for payment using an overnight ACH. Payment data is also made available back to members in many formats to allow for automated downloads, which avoids manually inputting information into their accounting systems.
"By working with Gemini Shippers Group, we are changing the way payments are made and received in the shipping industry,” said George Reyes, senior vice president of Global Sales, PayCargo. “This agreement provides an added value to the group’s members who will now have a built-in solution to complete payment processes not available before. This will bring substantial savings in accounts payable and overhead, and members will also get to take advantage of certain discounts for all the payments they make through PayCargo.”
“Our goal is to save our members money and time, and by partnering with PayCargo for these additional member benefits, we can now offer them another set of tools and services to help their business succeed and excel,” said Sara Mayes, president, Gemini Shippers Group. “PayCargo has already proven its value to our members who have used the program.”
Gemini Shippers Group members can enroll in the PayCargo solutions by contacting Gemini Shippers Group and registering at https://www.paycargo.com?gemini.
About Gemini Shippers Group
Gemini Shippers Group includes Gemini Shippers Association, and Fashion Accessories Shippers Association (FASA), not-for-profit associations, offering membership to importers and exporters of various products. The organization is composed of hundreds of small and medium sized companies. With shipments of several thousand containers per month, Gemini has the volume to save members money on their international ocean freight costs.
About First Data
Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive customer revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction.