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.”
The Way It Works
“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
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
It seems CNS have found themselves great
partners in PayCargo.