Schneider Logistics announces new name for freight payment company

Schneider Logistics, Inc has changed the name of its freight payment company, Tranzact Payment Services, to Schneider Logistics Payment Services.

Schneider Logistics Payment Services manages the flow of funds through customers’ supply chains — providing a payment platform that delivers high volume, low cost transaction processing. It offers a variety of services,including transaction audit, processing and payment; accrual and accounting functions; rate library creation; multi-media and customized reporting; auto pay services; online interfaces; and international payment capabilities. A key differentiator is the firm’s Interacc product, a logistics analytical tool that provides customers with business intelligence data.

Schneider Logistics Payment Services processes 75 percent of its freight bill volume in the Electronic Data Interchange (EDI) environment.

The name change builds brand consistency among all Schneider Logistics
services and reflects the company’s original agreement with Tranzact Systems, Ltd. as part of Schneider Logistics’ March 2000 acquisition of Tranzact’s freight payment subsidiary.