SOURCE: Cass Information Systems, Inc.

December 09, 2010 08:30 ET

Cass Information Systems, Inc. Receives 2010 Green Supply Chain Award for Use of Freight Payment Technologies

ST. LOUIS, MO--(Marketwire - December 9, 2010) - Cass Information Systems, Inc. (NASDAQ: CASS), the nation's leading provider of freight payment services, has received a 2010 Green Supply Chain Award from Supply & Demand Chain Executive. Cass was recognized for its accomplishments in using advanced technology to remove significant amounts of paper from the freight payment process.

Providing transportation expense management services since 1956, Cass serves many of the Fortune 500, including Caterpillar Inc., Ford Motor Company, Emerson, The Hershey Company, The Kroger Company, Macy's Inc., Whirlpool Corporation and many others. Cass has consistently made significant technology investments that enable the reduction of paper through an aggressive focus on EDI invoice processing and electronic payments. Additionally, Cass continues to expand its use of advanced technologies to collaborate and share documents online with carriers, while reducing the exchange of paper documents.

"Leading companies are recognizing sustainability as a potential competitive advantage in a time of supply constraints and demand volatility," said Andrew K. Reese, editor, Supply & Demand Chain Executive. "The 2010 Green Supply Chain Awards highlight the role of the supply chain as a key enabler of sustainability."

"In the first nine months of 2010, Cass processed and paid nearly 20 million freight invoices, each with several supporting documents. The great majority of these, as well as corresponding payments, never existed in print form," stated John Pickering, chief operating officer, Cass' Transportation Information Services division. "Eliminating that much paper from the process makes good business and environmental sense. Everyone, including our clients, benefits."

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About Cass Information Systems, Inc.
Cass Information Systems, Inc. (NASDAQ: CASS) is the leading provider of transportation, utility and telecom expense management and related business intelligence services, disbursing more than $24 billion annually on behalf of its clients. With annual revenues approaching $100 million and total assets exceeding $1 billion, Cass is a business process outsourcer focused on invoice audit, processing and payment services. Cass Commercial Bank, established in 1906, is a wholly owned subsidiary and Federal Reserve Member Bank, providing sophisticated financial exchange services to the parent organization and its clients. Cass is part of the Russell 2000® Index and was ranked #65 on the 2009 Fortune Small Business FSB 100 list of the fastest-growing public companies in America. More information is available at

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