PayCargo

PayCargo is the number one financial platform for moving money and vital remittance information between payers and vendors.

For more information about PayCargo, visit paycargo.com

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PAYCARGO AND NEXSHORE TO UNVEIL NEW PAYMENT CAPABILITY FOR IATA’S ONE RECORD INITIATIVE DURING VIRTUAL HACKATHON


Freight payment platform PayCargo and ONE Record Data-as-a-Service provider Nexshore have teamed up to deliver integrated payment facilities to ONE Record users

Coral Gables, Florida, USA, Thursday 10th September 2020 – PayCargo and Nexshore have developed the first integrated payment solution for the ONE Record initiative, which they will demonstrate at the International Air Transport Association (IATA)’s ONE Record Hackathon next week.

Users will be able to make and take payments online using different payment options and will benefit from other features such as account reports and refund assistance as part of the ONE Record single solution initiative.

The system will be showcased on the first day of IATA’s Hackathon, which will include a PayCargo Challenge for teams to design a payment-focused solution using new fintech ideas and harnessing the power of Application Programming Interface (API).

“One of the objectives of ONE Record is to create opportunities for new value-added services as part of the much-needed push for the industry to fully digitize,” said Lionel van der Walt, President and Chief Executive Officer (CEO) of The Americas for PayCargo.

“Our payment system delivers just that, adding an important link to the digital chain, which will bring cost savings and expedite cargo release, keeping freight moving.”

ONE Record is a standard for data sharing and creates a single record view of an air cargo shipment.

The standard is based on mature data sharing technologies that are aligned with the best practices used by leading airlines, making it directly accessible to IT teams and service providers such as PayCargo and Nexshore.

“Given our long-standing background in logistics and fintech, Nexshore recognized that ONE Record did not have to be limited to a platform for just air cargo operations,” said Pramod Rao, CEO at Nexshore.

“One of the innovations we wanted to bring to the market was to unlock the initiative’s potential to support modern payment systems.

“The air cargo industry will benefit from working effectively within all processes, from quote-and-book and making payments, to track and trace, settling claims and duty payments to Customs.

“PayCargo was a natural choice of partner to help deliver a single system with integrated payments for ONE Record users.”

The third edition of its Hackathon will be held virtually for the first time, 11-13 September, and PayCargo is sponsoring one of the hack events.

The 28-hour long competition will gather developers from across the globe to work on innovative solutions enhancing the air cargo supply chain.

“The Hackathon promises to bring multitalented individuals together to move towards a common goal of improving, not only the ONE Record specification, but also the air freight industry as a whole, and help to bring that future to life,” said Monty Clark, President at Nexshore.

“I am looking forward to being part of an air cargo family that is embracing new challenges at the Hackathon.”

Doug Schmidt, Chief Technology Officer at PayCargo and on the IATA Hackathon judging panel, believes the virtual event will encourage new ways of problem solving for a cargo space that is “rapidly embracing a digital future”.

“Nexshore are innovators forging ahead with ONE Record, which is a perfect fit for us,” said Schmidt.

“We are always looking for fresh ideas and energy and by supporting the Hackathon we are accelerating new initiatives.”

Henk Mulder, IATA Head of Digital Cargo, added: “The experience of a global community of developers coming together to create something new is an annual highlight.

“I can’t wait to see new solutions and apps that can genuinely change the way cargo airlines do business.”

You can register for the IATA ONE Record Hackathon here: onerecord.devpost.com/

Ends.

About PayCargo

PayCargo is the number one financial platform for moving money and vital remittance information between payers and vendors.

PayCargo’s online solution allows you to move cargo quicker and reduce payment costs more than any other platform available. Our patented technology effortlessly registers your company so that you can immediately start making payments to your freight vendors.

We have over 4,000 vendors in our network including major ocean carriers, air cargo providers, and hundreds of terminals and CFS stations. Over 1,000 of these vendors release the cargo within an hour after receiving the “Payment Approval” alert from PayCargo. All other vendors release cargo no later than the next morning.

PayCargo makes it as easy as Ship, Click, and Pay.

For more information about PayCargo, visit paycargo.com


Download Files Here

  • 1 jpg Pramod Pic
    Pramod Rao, CEO at Nexshore.
    File size: 1 MB Downloads: 15
  • 2 jpg Monty Pic
    Monty Clark, President at Nexshore.
    File size: 3 MB Downloads: 13
  • 3 jpg Henk Pic
    Henk Mulder, IATA Head of Digital Cargo.
    File size: 110 KB Downloads: 12
  • 4 jpg Doug Pic
    Doug Schmidt, Chief Technology Officer at PayCargo and IATA Hackathon judge.
    File size: 10 MB Downloads: 17
  • 5 jpg Lionel_photo2
    Lionel van der Walt, President and Chief Executive Officer of Americas, PayCargo
    File size: 1 MB Downloads: 70
  • 6 png PayCargo and Nexshore
    Clockwise from top left: Doug Schmidt, Chief Technology Officer at PayCargo and IATA Hackathon judge; Pramod Rao, CEO at Nexshore; Monty Clark, President at Nexshore.
    File size: 786 KB Downloads: 12

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PAYCARGO AND NEXSHORE TO UNVEIL NEW PAYMENT CAPABILITY FOR IATA’S ONE RECORD INITIATIVE DURING VIRTUAL HACKATHON

Freight payment platform PayCargo and ONE Record Data-as-a-Service provider Nexshore have teamed up to deliver integrated payment facilities to ONE Record users

Coral Gables, Florida, USA, Thursday 10th September 2020 – PayCargo and Nexshore have developed the first integrated payment solution for the ONE Record initiative, which they will demonstrate at the International Air Transport Association (IATA)’s ONE Record Hackathon next week.

Users will be able to make and take payments online using different payment options and will benefit from other features such as account reports and refund assistance as part of the ONE Record single solution initiative.

The system will be showcased on the first day of IATA’s Hackathon, which will include a PayCargo Challenge for teams to design a payment-focused solution using new fintech ideas and harnessing the power of Application Programming Interface (API).

“One of the objectives of ONE Record is to create opportunities for new value-added services as part of the much-needed push for the industry to fully digitize,” said Lionel van der Walt, President and Chief Executive Officer (CEO) of The Americas for PayCargo.

“Our payment system delivers just that, adding an important link to the digital chain, which will bring cost savings and expedite cargo release, keeping freight moving.”

ONE Record is a standard for data sharing and creates a single record view of an air cargo shipment.

The standard is based on mature data sharing technologies that are aligned with the best practices used by leading airlines, making it directly accessible to IT teams and service providers such as PayCargo and Nexshore.

“Given our long-standing background in logistics and fintech, Nexshore recognized that ONE Record did not have to be limited to a platform for just air cargo operations,” said Pramod Rao, CEO at Nexshore.

“One of the innovations we wanted to bring to the market was to unlock the initiative’s potential to support modern payment systems.

“The air cargo industry will benefit from working effectively within all processes, from quote-and-book and making payments, to track and trace, settling claims and duty payments to Customs.

“PayCargo was a natural choice of partner to help deliver a single system with integrated payments for ONE Record users.”

The third edition of its Hackathon will be held virtually for the first time, 11-13 September, and PayCargo is sponsoring one of the hack events.

The 28-hour long competition will gather developers from across the globe to work on innovative solutions enhancing the air cargo supply chain.

“The Hackathon promises to bring multitalented individuals together to move towards a common goal of improving, not only the ONE Record specification, but also the air freight industry as a whole, and help to bring that future to life,” said Monty Clark, President at Nexshore.

“I am looking forward to being part of an air cargo family that is embracing new challenges at the Hackathon.”

Doug Schmidt, Chief Technology Officer at PayCargo and on the IATA Hackathon judging panel, believes the virtual event will encourage new ways of problem solving for a cargo space that is “rapidly embracing a digital future”.

“Nexshore are innovators forging ahead with ONE Record, which is a perfect fit for us,” said Schmidt.

“We are always looking for fresh ideas and energy and by supporting the Hackathon we are accelerating new initiatives.”

Henk Mulder, IATA Head of Digital Cargo, added: “The experience of a global community of developers coming together to create something new is an annual highlight.

“I can’t wait to see new solutions and apps that can genuinely change the way cargo airlines do business.”

You can register for the IATA ONE Record Hackathon here: onerecord.devpost.com/

Ends.

About PayCargo

PayCargo is the number one financial platform for moving money and vital remittance information between payers and vendors.

PayCargo’s online solution allows you to move cargo quicker and reduce payment costs more than any other platform available. Our patented technology effortlessly registers your company so that you can immediately start making payments to your freight vendors.

We have over 4,000 vendors in our network including major ocean carriers, air cargo providers, and hundreds of terminals and CFS stations. Over 1,000 of these vendors release the cargo within an hour after receiving the “Payment Approval” alert from PayCargo. All other vendors release cargo no later than the next morning.

PayCargo makes it as easy as Ship, Click, and Pay.

For more information about PayCargo, visit paycargo.com