Cass Information Systems
Cass Information Systems provides integrated payment and information management solutions, managing over $90 billion in annual disbursements and processing 50 million invoices each year across 185 countries.
Company Overview
Cass Information Systems provides integrated payment and information management solutions. The company manages over $90 billion in annual disbursements and processes and pays 50 million invoices each year. Cass operates in over 185 countries and can handle payments in 114 currencies. Established in 1906 as a neighborhood bank in St. Louis, the company has since expanded its services and geographical footprint.
Services
Cass Information Systems offers a variety of services including Freight Audit & Payment, Telecom Expense Management, Cloud Management, Utility Bill Management, and Waste Expense Management. The company introduced Amplify by Cass™, a working capital solution for shippers and carriers. Cass also launched CassPay in 2016, a solution for B2B networks to manage payments effectively.
Global Operations
Cass operates in multiple international locations, including St. Louis, Basingstoke, Breda, Bridgeton, Columbus, Greenville, Jacksonville, Sao Paulo, and Singapore. The company's European presence is headquartered in Breda, The Netherlands, established in 2011. Cass has broadened its international reach while maintaining robust service offerings.
Subsidiaries and Acquisitions
Cass Commercial Bank, a wholly owned subsidiary of Cass Information Systems, provides financial exchange services and serves niche markets such as the St. Louis business community, faith-based organizations, and McDonald’s franchisees. In 2012, Cass acquired Waste Reduction Consultants, Inc. to manage waste and recycling expenses more efficiently.
Market Listings and Indices
Cass Information Systems has been listed on the Nasdaq Stock Market under the ticker symbol CASS since 1996. The company is part of the Russell 2000® index. The Cass Freight Index® measures North American freight volumes and expenditures, while the Cass Truckload Linehaul Index® provides insights into per-mile truckload pricing.