Image for 114 million in Potential Prevented Losses for TriumphPay Network Participants

114 million in Potential Prevented Losses for TriumphPay Network Participants

TriumphPay

August 14, 2024

Since January 2023, The TriumphPay Payments network has prevented approximately $113.58 million in losses through its advanced data handling capabilities, which include verifying transaction details and flagging discrepancies that could indicate fraud or bad data. 

In the full article released on FreightWaves, we demonstrate how the TriumphPay Payments Network is preventing potential losses from misdirected payments and double-brokering activity. 

TriumphPay, in collaboration with FreightWaves, will soon release a white paper detailing how the network effect creates force multipliers for innovation, automation, and connectivity to bring value to the transportation industry. 

The paper highlights TriumphPay’s success in reducing potential financial losses by minimizing misdirected payments and improving real-time data verification. 

Read the full article on FreightWaves today. 

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