| Cass Information Systems Inc. (CASS)
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Cass Information Systems, Inc. (Cass) is a financial holding company.
The Company is a provider of payment and information processing services to manufacturing, distribution and retail enterprises across the United States. The Company provides transportation invoice rating, payment, audit, accounting and transportation information to a range of companies. It is also a processor and payer of utility invoices, including electricity, gas, and other facility related expenses. The Company operates in two segments: Information Services and Banking Services. The Information Services segment provides transportation, utility, telecommunication and invoice processing and payment services to corporations. The Banking Services segment provides banking services primarily to privately held businesses and churches. In January 2011, Cass opened an office in Breda, Netherlands, to support the Company’s multinational information processing clients. On January 6, 2012, the Company acquired the assets of Waste Reduction Consultants, Inc., provider of environmental expense management services.
The Company, through its wholly owned bank subsidiary, Cass Commercial Bank (the Bank), also provides commercial banking services. The Bank's primary focus is to support the Company's payment operations and provide banking services to its target markets, which include privately owned businesses and churches and church-related ministries. Services include commercial and commercial real estate loans, checking, savings and time deposit accounts and other cash management services. The principal offices of the Company are at 13001 Hollenberg Drive, Bridgeton, Missouri 63044. Other operating locations are in Columbus, Ohio, Boston, Massachusetts, Greenville, South Carolina, Wellington, Kansas, Breda, Netherlands and Jacksonville, Florida. The Bank operates two branches in the St. Louis metropolitan area and one loan production office in southern California.
Cass is an information services company with a primary focus on processing payables and payables-related transactions for corporations located in the United States. The Company’s Data acquisition services include gathering of data elements from various sources and the building of databases for the Company's customers. Data is the raw material of the information economy. Cass gathers data from a range of input documents, electronic media, databases and data feeds, including data acquired from vendor invoices, as well as customer procurement and sales systems. The information is integrated into customers' financial and accounting systems, eliminating the need for internal accounting processing and providing internal and external support for these critical systems. Information is also used to produce management and exception reporting for operational control, feedback, planning assistance and performance measurement. Cass' information delivery solutions provide reports, digital images, data files and retrieval capabilities through the Internet or directly into customer internal systems. Cass' Internet management delivery system is the foundation for driving these critical functions. Cass provides funds management and transfer system capabilities for all of its customers.
More Information for Cass Information Systems Inc. (CASS):
Company Website - http://www.cassinfo.com
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