1.

Automated Clearing House (ACH) Payments: A common example of a disbursement system in the
freight forwarding industry is the use of ACH payments to electronically transfer funds between parties.
For instance, a freight forwarder can set up ACH payments to pay carriers, customs brokers, and other
service providers for their services, ensuring timely and secure transactions.

2. Online Payment Platforms: Many freight forwarders use online payment platforms, such as PayPal,
Stripe, or bank-specific portals, to disburse funds to suppliers and vendors. These platforms offer
convenient and efficient ways to process payments, track transactions, and manage financial data in
real-time.

3. Electronic Funds Transfer (EFT): Another example of a disbursement system is Electronic Funds
Transfer (EFT), which allows freight forwarders to transfer funds electronically from one bank account to
another. EFTs are commonly used to pay invoices, settle bills, and reimburse expenses incurred during
the shipping process.

4. Virtual Credit Cards: Some freight forwarders utilize virtual credit cards as a disbursement method to
pay for transportation costs, customs duties, and other expenses. Virtual credit cards provide a secure
and traceable way to make payments while offering benefits such as cashback rewards and fraud
protection.

5. Mobile Payment Apps: With the increasing popularity of mobile payment apps like Venmo, Zelle, and
Cash App, freight forwarders can leverage these platforms to disburse funds quickly and conveniently to
suppliers and service providers. Mobile payment apps offer instant transfers, easy tracking of
transactions, and seamless integration with bank accounts.

6. Integrated Accounting Software: Many freight forwarding companies use integrated accounting
software systems, such as QuickBooks or Xero, to manage their disbursements effectively. These
platforms automate payment processes, generate financial reports, and provide insights into cash flow
management, helping companies streamline their operations and improve financial visibility.

Overall, these vivid examples demonstrate how various disbursement systems play a crucial role in
facilitating seamless financial transactions within the freight forwarding industry. By leveraging these
systems, companies can enhance efficiency, accuracy, and transparency in their payment processes
while maintaining strong relationships with suppliers and service providers.