Freightlist.com has introduced Epay, its web-based electronic payment system.

Available to shippers, third parties, carriers and independent truckers that are members of Freightlist.com, Epay is designed to debit a shipper's, broker's or freight forwarder's bank account on any approved transaction and credit the bank accounts of up to three payees simultaneously. Epay will increase cash flow and reduce paperwork between these parties, by electronically generating invoices, proof of delivery documents and processing payments.
Freightlist.com offers Epay in conjunction with its dispatch software that it provides over the Internet via ASP. It also has a load board.
In addition to giving shippers and carriers access to an online payment system, Epay provides an easy-to-use interface that creates rate agreements, tracks payments, links proof of delivery documents to electronic invoices and stores historical information.
"Instead of waiting until they arrive back home or to their office to process their paperwork, it can all be done over the web," says Jason Kirkpatrick of Freightlist.com. "We have provided the drivers and shippers with simple to use templates that will automatically produce rate agreements and link proof of delivery documents to invoices. If a user can type and follow basic directions, they will be able to use Epay."
Epay does not require long term contracts, a minimum number of transactions or monthly fees.
"The system can be an effective way for truckers to reduce their dependence on factoring companies. We do not hold any funds in reserve and our transaction fees are lower than almost every form of receivable financing," says Tom Whaley.