Maritime shipping payments are still predominately manual, expensive and cumbersome, but a growing number of tech firms and banks are trying to change that.

To tap the cost shaving potential in that market, First Data has launched PayCargo, an electronic invoice presentment and payment (EIPP) tool that integrates with existing carrier accounts receivable systems using a method that can update invoice and payment data several times daily.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.