Profile: Cass Information Systems Inc (CASS.OQ)
22 Apr 2019
Cass Information Systems, Inc. (Cass), incorporated on July 1, 1982, is a provider of payment and information processing services to manufacturing, distribution and retail enterprises across the United States. The Company has operating locations in Missouri, Ohio, Massachusetts, South Carolina and Florida. The Company operates in two segments: Information Services and Banking Services. The Company provides transportation invoice rating, payment processing, auditing, accounting and transportation information. It is also a processor and payer of energy invoices, including electricity, gas, waste, and other facility related expenses. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large corporations. The Banking Services segment provides banking services primarily to privately held businesses and churches. The Company, through its bank subsidiary, Cass Commercial Bank (the Bank), provides commercial banking services.
The Company's Information Services segment provides various services, including transportation invoice rating, payment processing, auditing, and the generation of accounting and transportation information. The Company also processes, pays and generates management information from electric, gas, telecommunications, environmental and other invoices. The specific payment and information processing services provided to each customer are developed individually to meet each customer's specific requirements. The Company enters into service agreements with customers for fixed fees per transaction that are invoiced monthly.
The Company's Banking Services segment, through the Bank, supports its payment operations and provides banking services to its target markets, which include privately owned businesses and churches and church-related ministries. The Bank's services include commercial and commercial real estate loans, checking, savings and time deposit accounts, and other cash management services. The Company also provides a range of banking services to individual, corporate and institutional customers through the Bank. The Company originates commercial, industrial and real estate loans to businesses and churches throughout the metropolitan St. Louis, Missouri area, Orange County, California and other selected cities in the United States.
Cass Information Systems Inc
12444 Powerscourt Dr
ST. LOUIS MO 63131-3660