Product Updates

TriumphPay, a division of TBK Bank, SSB, announced today the appointment of Ed Schreyer as chief operating officer of the division. Schreyer will officially join TriumphPay in early March and will report to its chief executive officer, Jordan Graft. As chief operating officer, Schreyer will be responsible for TriumphPay’s day-to-day operations, ensuring the overall vision is brought to fruition by delivering a product with no defects, excellent customer service, and timely payment solutions. Schreyer will lead all of TriumphPay’s operational functions, including sales engineering, underwriting, payee operations and customer success. “With experience as a chief operating officer for a multi-billion dollar Fortune 150 company, Ed brings a depth of knowledge that will position TriumphPay to scale rapidly with stability,” said Graft. “He joins us at a pivotal moment in our growth curve. His experience integrating strategic M&A opportunities will strengthen our capacity to expand our product offering through feature enhancing acquisitions. His background in operations and strategic planning will help us achieve our goals of becoming the nexus of billing and payments in trucking.” Schreyer joins TriumphPay with over 30 years of experience with CBRE, the world’s largest commercial real estate services firm. In his most recent role, Schreyer served…

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January 12, 2020: Bug Fixes Users logging into factor.triumphpay.com are being incorrectly redirected causing login issues. This has been resolved.

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December 22, 2020 Enhancements ·        If the only the due date and not approved date is provided on the invoice, then the back-calculated approved date will not be displayed to the carrier. ·        Add column for the credit note’s invoice number on payout report. This is different than the invoice’s invoice # that the credit note is attached to. Bug Fixes ·        Payout report needs to only show invoice# if invoice ref# does not exist. ·        Fixed timeout errors on UserList December 17, 2020 Enhancements ·        Credit note invoiceNo included on the remittance advice for brokers ·        Additional Data fields for carriers/invoices/loads is now displayed for brokers on the show pages for loads and invoices for brokers…

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The FreightTech 100 Awards are based on nominations from FreightWaves readers, many of whom are industry leaders and experts. Readers submitted over 500 nominations for over 200 unique companies across 31 U.S. states this year. The FreightWaves editorial and research teams narrowed those nominations down to the top 100 companies. From there, a handpicked peer group of CEOs, industry leaders and freight investors selects the FreightTech 25. Each member of the independent FreightTech 25 panel will rank his or her top 25 companies on a 1-to-25-point basis. The companies generating the most points will comprise the FreightTech 25. The mathematical formula is the same as the one used for the Amway College Football Coaches Poll, the AP Pro32 rankings and the AP Top 25 rankings for men’s and women’s college basketball. Read more here: https://www.arrivelogistics.com/freightwaves-reveals-2021-freighttech-100-winners/…

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TriumphPay and HubTran to host webinar on August 11, 2020 to demonstrate the integration TrumphPay, the nexus of billing and payments in the transportation industry, today announced its platform is now fully integrated with HubTran, a leading transportation industry automation platform. The integration allows carries to get paid faster by allowing brokers to approve paperwork in the HubTran platform within seconds of its submission by carriers in the TriumphPay platform.

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TriumphPay recently partnered with HubTran to further complete the paperwork cycle and expedite paperwork processing so carriers can get paid faster. With TriumphPay and HubTran, a carrier can submit paperwork, have it approved by the broker, and be paid QuickPay in as little as a few minutes. In this webinar, we will discuss: Mobile Image Capture and Invoice Presentment  Payment Settlement and Remittance Integrated QuickPay and Supply Chain Finance  The webinar will be live on August 11, 2020 at 2:00pm CDT by registering here – Expediting the Payment Lifecycle. By registering, you will also access a free replay.  You can also watch our recent demo at the FreightWaves 3PL Summit here:…

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The COVID-19 pandemic has disrupted the freight market and supply chains as a whole in a number of ways, causing spikes in demand for essential items and leading consumers to shop for most of these goods online. This market volatility has also created issues around liquidity for a number of shippers, who seek pricing transparency and ease of use in the payment process. To provide insights around how the pandemic has impacted liquidity for shippers, FreightWaves and TriumphPay are partnering for a one-hour webinar on Tuesday, July 14 at 2pm ET. During this webinar, shippers will learn how preparations for a range of risk scenarios can start with strong balance sheet liquidity—the number one issue in terms of the viability of their business—and their carriers’ business. The session will feature insights from TriumphPay’s Haley Evans, Vice President and Sales Manager, and George Lorenze, Vice President of Business Development. Watch the webinar here:…

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In this episode of Fuller Speed Ahead, FreightWaves Founder and CEO Craig Fuller speaks with TriumphPay President Jordan Graft about changing how payments are sent and received in the transportation industry.

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New partnership aims to cut costs attached to carrier payment processing and provide quick payment options Holland, MI – June 9, 2020 BluJay Solutions, a leading provider of global supply chain software and services, today announces a solution and tech partnership with TriumphPay, the nexus of billing and payments in the transportation industry. TriumphPay’s payment platform is used by shippers and freight brokers to process, settle, and manage carrier payments across all modes of transportation. This partnership integrates BluJay’s Websettle in the Transportation Management application with TriumphPay’s platform to send audited invoices presented to carriers as an approved, scheduled payment with options for early payment. “TriumphPay is thrilled to partner with BluJay Solutions, an industry leader with an outstanding track record of success, a talented and experienced team, and a focus on delivering great value to its customers,” says Jordan Graft, President of TriumphPay. “Our work management technology is developed to solve the back-office challenges and high costs attached to carrier payment processing, while also providing liquidity benefits to all parties—shippers, carriers, and brokers.” TriumphPay streamlines and automates the highly repetitive, manually intensive workflows attached to carrier payments and provides carriers with visibility into their invoice status. This technology…

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Dallas – May 28, 2020 TriumphPay announced today that it has entered into a new partnership with Seaford, Delaware-based Trinity Logistics to provide real-time visibility into its brokerage payment services. Trinity Logistics will leverage TriumphPay’s payment processing platform to further automate and improve efficiencies in its brokerage network, offering a better payment experience for carriers. “We believe this partnership will be a major catalyst in digitizing and streamlining the payments process for carriers working with Trinity,” said Jordan Graft, president of TriumphPay. “We are looking forward to help Trinity better serve its carriers.” TriumphPay is a provider of carrier and vendor payment solutions to the supply chain industry, allowing brokers and shippers to manage their payments with less capital invested through its payment processing service, QuickPay. The company has provided payment solutions to more than 80,000 carriers on behalf of freight brokers and shippers. “One of Trinity’s largest problems has been tackling the amount of time spent on phone calls with our factors,” says Doug Potvin, chief financial officer of Trinity Logistics. “I’ve known Jordan Graft for a long time. After seeing his presentation on TriumphPay at a FreightWaves conference, I called him to ask how he could help us…

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Green Bay, Wisconsin– April 28, 2020 chneider (NYSE: SNDR), a premier provider of trucking, intermodal and logistics services, has implemented more options to improve the carrier experience by adding capabilities from TriumphPay, a payment processing platform for brokers and shippers, and Transflo, a leading business process automation and digital communications provider. The company’s unique ability to combine both TriumphPay’s and Transflo’s expertise on its brokerage platform dramatically accelerates transactions and expedites third-party carrier payments. Schneider’s pairing of these two tools also increases flexibility and ease of fund transfer in an industry where every minute matters. “Schneider is committed to finding and implementing innovative ways that make it easier for carriers to move their trucks and manage their businesses,” said Erin Van Zeeland, group senior vice president of Schneider Logistics Services. “Introducing TriumphPay to a suite of carrier technologies that already includes Transflo helps them streamline and automate payments – saving significant time and allowing carriers to do their job more efficiently.” Carriers who are still using traditional, paper-based methods to submit delivery paperwork know that it takes 8-10 days before shippers receive the information and begin processing payment – and up to 40 days to get paid. Schneider’s Transflo/TriumphPay pairing…

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TriumphPay, a leading provider of carrier and vendor payment solutions, announced today a new strategic partnership with U.S. Xpress, the nation’s fifth largest asset-based truckload carrier by revenue. Through the partnership, TriumphPay will provide U.S. Xpress with real-time visibility through its proprietary payment portal and streamlined carrier payment services. TriumphPay allows carriers to manage multiple broker relationships, upload paperwork, set payment method and pay terms, and see payment status. Through its proprietary payment portal, carriers enter their bank account information one time for all brokers on the platform and have complete control over their QuickPay options. “TriumphPay seeks to revolutionize payments in brokered freight by creating efficiencies for brokers and a better payment experience for carriers,” said Jordan Graft, executive vice president of TriumphPay. “We are excited about the U.S. Xpress partnership and believe it will be a major catalyst in digitizing and streamlining payments in the transportation industry.” “At U.S. Xpress we are always looking to improve automation and carrier experience through partnerships with new technologies and platforms,” said Matt Herndon, chief operating officer at U.S. Xpress. “Working with TriumphPay, we will be able to modernize efficiencies within our back office for carrier payment processing.” About U.S. Xpress Founded in…

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With integration, brokers can increase their QuickPay revenue, drive carrier loyalty, and improve back-office efficiency. TriumphPay, a leading provider of carrier and vendor payment solutions and McLeod Software, a supplier of transportation management and trucking software for carriers, brokers, and third-party logistics providers (3PLs), announced today an integration of TriumphPay’s carrier payment processing platform with McLeod Software’s PowerBroker. Robert Brothers, Product Manager for McLeod Software says, “Partnering with TriumphPay to provide a best in class payment solution for our PowerBroker customers is a win-win. The interface will empower our PowerBroker users to take advantage of lower cost QuickPay offerings by providing a secure and efficient integrated carrier settlement solution. We see the partnership with TriumphPay having benefits for McLeod Software, PowerBroker users and TriumphPay.” “We are excited to be partnering with McLeod and their best-in-class TMS platform,” said Jordan Graft, Executive Vice President, TriumphPay.  “TriumphPay seeks to revolutionize payments in brokered freight by creating efficiencies for brokers and a better payment experience for carriers. The partnership between TriumphPay and McLeod will be a major catalyst in digitizing and streamlining carrier payments in the transportation industry.” The integration creates a seamless process to help brokers better pay their carriers and leverages the core…

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As the freight industry becomes more tech-friendly, carriers are adopting technology solutions to streamline their business operations. However, technology adoption is critical for brokers as well to ensure they are meeting the expectations of their carrier partners and building loyal, lasting relationships with them. FreightWaves partnered with TriumphPay for this webinar to provide insight into how technology can drive long-term relationships between carriers and brokers. During this hour-long session, Kate Juliao, Vice President of Operations for TriumphPay, and Jordan Graft, Executive Vice President of Payment Solutions for TriumphPay, discussed what carriers expect and which solutions brokers can implement right now to help drive carrier loyalty. The webinar features insights around: • Preferred communication methods and technology platforms for carriers• Technology tools that carriers are using to improve their businesses• How carriers are using technology to manage their paperwork and payment processing• How brokers can drive carrier loyalty with technology Here’s the replay.

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Technology has begun to change the way that freight brokerage companies operate. With data capture, workflow management and automation tools now available, many companies are seeing creating greater levels of transparency, efficiency and ROI. However, many companies are still using manual paperwork and processes, which often draw out the overall timeframe needed to post a load, invoice carriers and process payments, in addition to opening the door to errors resulting from manual entry. If you missed it, here’s the replay:…

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TriumphPay’s Jordan Graft and Melissa Forman showcased where the future of payments is headed at Transparency19 in Atlanta this May. Carriers and brokers can look forward to many new features from TriumphPay coming soon.

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If you couldn’t make the webinar this week, here is a recording. The payment process can present a number of challenges within the freight industry, from dealing with errors in invoices to managing and protecting the sensitivity of the data they contain. As a result, many companies opt to outsource their payments to third parties who specialize in payments to save time and avoid the complexities altogether. And when it comes to selecting a payment method, carriers are opting for factoring over QuickPay six times more often, but both options have pros and cons. So how do you ensure that you’re selecting the payment route that’s right for your 3PL while still building carrier loyalty? Watch to learn more.

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In a tight capacity market, how you pay your carriers is crucial to maintaining a loyal carrier base and capitalizing on the current rate environment. While 60% of brokers offer some form of QuickPay, overall QuickPay penetration in the industry is less than 10% while factored loads inches closer to 50%. More importantly, carriers prefer to take a broker QuickPay and will actively look for loads from brokers they know have a cheap QuickPay. So what’s the issue? Broker’s QuickPay rates are overpriced.

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The TIA Capital Ideas Conference and Exhibition is just a week away. TriumphPay will be located at booth #508 in the exhibit hall. Here’s a list of all the ways you can catch up with the TriumphPay team at #TIA2019con: EVP of Payment Solutions Jordan Graft will speak on two different panels.How FreightTech Companies Can Help You Successfully Compete – A panel composed of freigh tech companies will discuss the broad range of services, apps, and data streams available to help 3PL’s close the competitive gap and prosper.Creating A Successful Blockchain Project – Learn the principles and requirements needed to produce Blockchain projects that are business driven rather than technology driven. “What Does Your QuickPay Program Say About You?” SVP and COO Melissa Forman will present two learning center sessions about how brokers can improve their quickpay programs, increase liquidity and create a better carrier experience.Chase Griffith, VP of Business Development at Triumph Business Capital, will also speak on the panel “How to Protect Your Receivables” on April 11 at 2:00 pm in Oceana 11.  This panel of experts will talk about industry trends related to factoring, credit insurance, and other financial instruments that can help 3PLs…

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TriumphPay is pleased to announce today appointment of Melissa Forman-Barenblit to the roles of Senior Vice President and Chief Operations Officer. In this role, Forman-Barenblit will focus on improving internal operations, expanding business development efforts, and developing the TriumphPay brand and positioning in the freight industry. “We are delighted to have Melissa join the TriumphPay team as our COO,” says Jordan Graft, Executive Vice President of Payment Solutions for TriumphPay. “She has decades of experience across multiple freight technology companies and will help accelerate the expansion of our carrier payment platform to both 3PLs and shippers.” Before joining TriumphPay, Melissa spent nearly a decade leading Sales and Strategic Partnerships for eCapital, LLC, a leading transportation factor.  She has held various leadership roles in the transportation technologies and finance industries. In these roles, Melissa gained a deep understanding of technology solutions, finance needs, the pain points for trucking companies both large and small, and enduring love for the transportation industry.  “I am excited to play a role in bringing truly innovative solutions to our industry with the knowledge and experience of the TriumphPay team,” says Forman-Barenblit. “Our platform not only brings significant value to our clients, but more importantly, it transforms…

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TriumphPay, a leading provider of carrier and vendor payment solutions, announced today the appointment of Mitch Hixon to the newly created role of Vice President, Business Development. In this role, Hixon will focus on marketing TriumphPay’s financing and vendor payment solutions to the top 100 Brokers and intermediary businesses with significant working capital requirements in their supply chain. The position represents a strategic extension of TriumphPay’s traditional focus on freight brokers and carriers to now include shippers seeking working capital improvements and vendor payment efficiencies. “Mitch is a highly effective leader with deep knowledge of the transportation industry and a proven track record of penetrating new markets and delivering results,” said Jordan Graft, executive vice president of TriumphPay. “As TriumphPay continues expanding its reach with industry leading providers, Mitch’s network, experience and expertise are a great fit to fuel our growth into that space.” Hixon joins TriumphPay with over 38 years of transportation management and supply chain experience with leading providers, including J.B. Hunt, and Pegasus TransTech (TRANSFLO). He most recently served as executive vice president, membership engagement at BiTA (Blockchain in Transport Alliance). “I am excited and honored to join TriumphPay, “Said Hixon. “I’ve always prided myself in representing…

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TriumphPay, a leading provider of carrier and vendor payment solutions to the supply chain industry, now has more than 100 brokerages using its payment processing solution. “First and foremost, we are grateful to the 3PL companies that have placed their trust in TriumphPay to manage their carrier payment process,” said Jordan Graft, EVP of TriumphPay. “We never take for granted that we are working on behalf of and as an extension of our clients when we pay their carriers. That’s our fundamental goal — to serve the thousands of owner-operators who use TriumphPay.” Graft attributes the growth of TriumphPay to the fact that it provides efficiencies for both brokers and carriers. Brokers can completely outsource their entire payment process, including NOA management and handling verification and collection calls from factoring companies. Carriers are empowered to use TriumphPay to manage their own payment terms and methods on a per-load basis. From the portal, owner-operators can self-select QuickPays on all or individual loads and choose from industry-standard methods — ACH, wire, check and EFS money code. “We provide a tremendous and competitive value-add for brokers looking to attract and retain carriers,” said Graft. “Carriers receive real-time updates when their loads have been…

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Dallas, Texas — Oct. 15, 2018 TriumphPay, a leading provider of carrier and vendor payment solutions and MercuryGate, a global provider of cloud-based transportation management solutions, announced today a strategic partnership and integration of TriumphPay’s carrier payment processing platform with MercuryGate’s Transportation Management System. The integration allows shippers and brokers, from their existing MercuryGate TMS account, to outsource the processing of carrier payments and management of factoring companies to TriumphPay, a product offered by a subsidiary of TBK Bank, SSB, the banking subsidiary of Triumph Bancorp, Inc. (Nasdaq: TBK). MercuryGate President and CEO, Joe Juliano said that the strategic partnership and integration brings immediate relief and efficiencies to brokers and shippers, while providing carriers with greater transparency, control and choice over their payments. “MercuryGate strives to be an enabler of success for all parties within the supply chain,” Juliano said. “Carriers often struggle with cash flow issues due to the inefficiencies of the historical industry payment model. Brokers, 3PLs, and shippers need a turnkey and secure solution to pay carriers, manage factoring companies and reduce fraud risk. TriumphPay solves these universal issues. In addition to reducing payment risk, the integration of TriumphPay will enable our customers to leverage a federally regulated…

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Dallas And Rochelle Park, N.J. (PRWEB) October 09, 2018 TriumphPay, a leading provider of carrier payment, factor management, supply chain finance solutions and Intelligent Audit, a leader in freight audit, business intelligence analytics, and transportation spend optimization solutions, announced today a new partnership. The companies, which process a combined $15 billion in transportation spend annually, said that they are committed to streamlining and digitizing business processes attached to transportation management. TriumphPay is a product offered by a subsidiary of TBK Bank, SSB, the banking subsidiary of Triumph Bancorp, Inc. (Nasdaq: TBK). “We are delighted to be partnering with Intelligent Audit to jointly bring innovation, network scale, and new technologies to a rapidly evolving market,” said George Lorenze, VP, North America Business Development at TriumphPay. “Intelligent Audit helps some of the world’s largest businesses reduce transportation costs, enhance visibility and improve transportation execution. TriumphPay is a leading provider of supply chain finance, working capital and vendor payment solutions in the transportation industry. Our complimentary services and extensive industry experience will allow us to provide greater efficiencies in the transportation space.” Both companies cite their existing market presence, integrations with carriers, freight brokers, shippers, TMS providers and connectivity with accounting…

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TriumphPay, the logistics industry ultimate carrier payment processor, received “Best in Show” accolades at the inaugural Transparency18 logistics conference, which took place May 21-23 in Atlanta, GA. Representing TriumphPay were Jordan Graft, EVP Payments, and John Shields, Chief Technology Officer. The 7-minute demonstration featured a standard spot market load from rate confirmation through to payment. “We have an opportunity to fundamentally change what invoicing and payments looks like, ” said Graft. “We waste hundreds of millions dollars between factoring companies, brokers, shippers and carriers trying to do this via email or EDI.” Other highlights from demo: Shared ledger removes need for images of rate confirmation or invoice submissionAll transactions instantly added to ledger shared between all partiesSimplifies processing of accessorials like detentionInvoice submission and approval process with increased transparencyIntegrates with TriumphPay to offer carriers instant funding options About TriumphPay TriumphPay is the logistics industry’s FREE ultimate payment processing tool that allows brokers and shippers to completely outsource their payments process, increase their revenue and retain their top drivers. Since 2004, we’ve made more than 5,000,000 individual payments to 50,000 carriers, and what we’ve learned over and over again is that your QuickPay program matters. With capacity concerns dominating…

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