Instant Settlement: The Logistics Industry

Now that we have seen how instant settlement can affect the construction industry let’s see the next industry that can have a huge impact – logistics.

To begin, let’s examine the logistics industry through the lens of an online order example. What unfolds when we select a product on a website that requires delivery to our door? Who are the entities involved in this process, and what does the payment process entail?

So I pick something from the website and order it. I pay for it and wait for the product to be delivered to my door and hope that what will arrive at my door is what I expect.Because I am paying upfront, I am taking the risk in this case. I may choose to pay on delivery but…

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