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Presentation For. Overview On-line freight payment solution with innovative tools for carriers and shippers to settle their accounts. Allows shippers to view and pay their accounts on line, and manage discrepancies with the carrier until resolved.

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  1. Presentation For

  2. Overview • On-line freight payment solution with innovative tools for carriers and shippers to settle their accounts. • Allows shippers to view and pay their accounts on line, and manage discrepancies with the carrier until resolved. • PayCargo Founders come from the shipping industry. • PayCargo is now a First Data company.

  3. About First Data • Key Statistics • 315th on Fortune 500 list • 1st on Financial Data Services • $ 9 Billion in Revenues in 2008 • 14 % Increase from 2007 • 27,000 Employees in 37 Nations • Owns Tele Check tm • Owns Star Network tm • Manages more than 30 billion domestic merchant and international transactions, as well as 11.7 billion domestic debit issuer transactions • Enables over 5.4 million merchant locations to securely accept electronic payments • Protects more than 700 million card accounts on file worldwide

  4. Key First Data Customers

  5. PayCargo Existing Customers AIRLIFT The Airlift Group

  6. PayCargo, an Easy Low Cost Transition • A “Complementary Tool” to current systems • No up-front capital investment • Transaction based fee • No cost to USAID, PVO nor its agent • PayCargo offers: • Flexible programming to meet needs of USAID and PVO • Green alternative by reducing or eliminating use of paper • User friendly system.

  7. PayCargo addresses USAID’s Needs: • NO COSTS to USAID or PVO, or its agents. • NO Hardware, or software to purchase or install. • Web-based system. • Electronic submission of vouchers, Elimination of paper vouchers. • Internal electronic workflow process with administrative roles. • Extensive alert notification tool. • Electronic approval by FFP. • Accelerated payment to Vendor. • Immediate reimbursement at FFP approval. • Leverage in negotiation with Vendor. • On Line Tracking of the status of all submitted vouchers by • PVO or agents. • On Line Communication between Partners, communicate • directly with FFP/POD on issues that may arise. • Visibility of your individual freight accounts, including consortium shipments

  8. PayCargo addresses USAID’s Needs: PayCargo addresses USAID’s Needs: • Elimination of manual voucher processing. • No lost or misplaced vouchers. • No overnight mail charges. • Notice of electronic approval. • Reduced workload. • Dispute Resolution Tool. • Direct on-line communication and e-notices for problem resolution. • Document Storage. • SOX Compliant, complete voucher history, Data retrieval, and Data • review. • Assistance in GAO Compliance. • Additional File attachments. • Extensive reporting tools.

  9. PayCargo, an Easy Low Cost Transition • A “Complementary Tool” to current legacy systems • Communicates with existing system, no integration • No up-front capital investment, No Hardware, or Software • No Membership, Maintenance, or set up fees • Web Based Network of Carriers & Shippers • PayCargo Financing offers: • “PayCargo Credit” for shippers with guaranteed payment to the Carrier, on schedule, percentage fee paid by shipper. • Immediate Advance payment of freight on carrier credit shipments, percentage fee paid by Carrier.

  10. We are committed to the following: • Assisting USAID in educating or • selling the solution internally. • Assisting USAID in educating PVO’s and • their agent with the solution.

  11. PayCargo Future Enhancements • Task Management, Workflow • Demurrage Calculator • Demurrage Guarantee Management • Report Customization • Branding • Dashboard Customization • CRM Integration • Carrier Feedback Enhancements

  12. Live Site Demonstration

  13. E-mail Alert Sample - Approval

  14. E-mail Alert Sample - Dispute

  15. Differentiation • PayCargo vs Traditional ACH. (Value added) • Multiple payment methods, and the ability to combine them on 1 transaction. • Earlier recognition of BOL as “Paid” vs. shipper initiated ACH. • Dispute Handling System. • Carrier Credit Management by 3rd party: Automated Collections. • 3rd Party Credit for Imports and additional for Exports. • Credit Limit Availability Info. • Immediate visibility. • Payments and detail information. • Multiple Carriers visibility for your shippers. • Reminders, and important alerts. • Other vendors can join the same system, such as Port Terminals, trucking, and warehousing. • Customizable Reports

  16. Data Upload Process FTP Site PYC File saved to PayCargo FTP site PYC File SQL Query PYC File File sweep occurs Every 7 minutes Transactions available in PayCargo to CARE Validation & load Are immediate PayCargo Data Acquisition Process

  17. Information Download Process Transactions FILE REPORT FILE File saved within CARE’S systems containing transactions paid via PayCargo PayCargo produces reports and files containing Transactions paid via PayCargo Optional Reformatting A/R Reconciliation Process FILE

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