History of CASS Bank & Trust Company

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30 Questions

What year was CASS Bank & Trust Company chartered?

1906

Which service does Cass Information Systems specialize in?

Freight Bill Processing

What is the main purpose of Cass' freight payment services?

To reduce and control transportation expenses

What is the typical workflow for Cass' Freight Bill Processing Service?

Receive bills, scan, key in information, screen by CASS, approve and pay

How is a Freight Bill created in the scenario provided?

Order placement, order entry file creation, shipping preparation with B/L, product loading, and bill of lading distribution

What is the main role of Cass in the Freight Payment process?

Screening and approval of freight bills

What is the correct format for the 'Remit To' address for a Canadian carrier?

First five alphas of the carrier name and first five positions of the alpha numeric Canadian Postal Zip

What is the correct format for the 'Remit To' address for a non-US & non-Canadian carrier?

First five alphas of the carrier name and five zeroes (00000) for the zip

When multiple carrier codes are listed, how should the correct SCAC code be determined?

Choose the code that matches the regional name referenced at the top of the freight bill

What is the hierarchy for entering the PRO number when the standard guidelines don't apply?

The text does not provide a hierarchy for entering the PRO number in this case

What is the purpose of the PRO number?

To identify the carrier's freight bill

Which of the following is NOT a reason why the PRO number is entered when processing a freight bill?

To track the shipment's progress

What is the definition of a carrier in freight terminology?

A company that transports goods from one location to another for a fee

What does the term 'carrier code' refer to in freight terminology?

The first 5 alpha characters of the carrier name plus the carrier's remit to zip code

What is the meaning of the term 'centralized' in the context of freight terminology?

Coming straight into the CASS Information Systems (CIS) from the carrier

What is the definition of a 'claim' in freight terminology?

A demand made upon a transportation line for payment on account of a loss sustained through negligence

What does the term 'collect' mean in the context of freight shipping?

A shipping term defining that the receiver or consignee must pay the freight charges

What is the meaning of 'demurrage' in freight terminology?

The same as detention

What is the primary purpose of capturing the correct 'Remit To' address?

To ensure the payment is made to the proper carrier and address

Which of the following is the correct way to enter a carrier name that is less than 5 characters?

Use blank spaces to fill the 5 positions

What is a 'Factor' company in the context of this text?

A company that buys the carrier's accounts receivable at a reduced rate and then bills the customer for the full amount

What should the DCI clerk do when they identify a 'Factor' carrier?

Highlight the 'Remit To' address for the 'Factor' carrier in yellow

Which of the following is an example of a common name for a 'Factor' company?

All of the above

What should be done when the first five characters of the 'Remit To' address are numeric?

Spell out the numeric characters in words

What is the purpose of the Cass System's duplicate protection mechanism?

All of the above

How does the Cass System handle 'balance due' bills from carriers?

It allows payment only when the carrier is entitled to the additional amount

What is the purpose of the Pro Number Profile System?

Both A and B

If a pro number does not match the defined Promask, what happens?

A warning message appears, and proper documentation is required

Which of the following is NOT listed as a potential format for identifying pro numbers on motor freight bills?

Shipment Number

What is the significance of boldface type when identifying pro numbers on motor freight bills?

It highlights the pro number among other information on the bill

Explore the history of CASS Bank & Trust Company, which was chartered in 1906 as Cass Avenue Bank and later became a leading provider of transportation, utility, and telecom expense management services through Cass Information Systems, INC.

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