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Jan 1, 2003 12:00 PM

FREIGHTlist.com Inc has completed Epay, its web-based electronic payment system available to all shippers, third parties, carriers, and independent truckers.

The system 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.

Besides 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.