Schneider Expands TriumphPay Relationship to Include Invoice Processing and Joins Payments Network
29 Novembre 2022 - 10:07PM
TriumphPay today announced the addition of Schneider (NYSE: SNDR)
to its rapidly growing open payments network. TriumphPay has
continued expanding the reach of its open payments network since it
launched earlier this year, providing brokers, factors, shippers
and carriers a single solution to manage payments and mitigate
fraud and risk.
"We're thrilled that Schneider is expanding their relationship
with us to include invoice processing on TriumphPay's best-in-class
payments network," said Aaron P. Graft, vice chairman and chief
executive officer of Triumph Bancorp, Inc. (Nasdaq: TBK).
"Schneider has a long history of being at the forefront of
innovation, and they continue to prove their ability to be early
adopters of game-changing technology. We're excited to deliver
speed, transparency and risk reduction to their payments life cycle
while expanding the volume and breadth of industry leaders
participating in our platform."
TriumphPay paid over 192,000 carriers in the last 12 months,
more than anyone else in the U.S. Schneider joins 75 other brokers
on the network, including Arrive, Integrity Express Logistics
(IEL), Covenant, Becker and many more. These brokers, combined with
20 factors, have processed $671 million of payments since the
network's launch in January through September 30. The payments
network is a subset of the $23.8 billion that TriumphPay processes
annually on behalf of its brokers and shippers.
"TriumphPay is leading the revolution in freight payments with
technologies that deliver quick and secure transactions. We're very
excited to expand our relationship with Schneider, who has been a
payments customer since 2020,” said Melissa Forman, president of
TriumphPay. "When Schneider adopts new technology, the rest of the
industry follows. We look forward to continuing to grow with
Schneider by helping recognize payments efficiencies and improve
their carrier experience, and are excited to welcome additional
brokers to the network in the coming months."
TriumphPay is the payments network for trucking that integrates
all parties with the broker’s and factor’s source of truth, the
network mitigates fraud, increases operational efficiency,
increases carrier retention, and automates back-office functions
around verification, collection, cash posting and settlement.
"Schneider is incredibly excited about the value TriumphPay
brings to carriers and that’s why we decided to further expand the
solution," said Ben Schuchart, senior vice president of Schneider
Transportation Management. "By simplifying our payments process and
offering even more transparency into invoice processing, we can be
more efficient for carriers and customers, thanks to TriumphPay.
Schneider prides itself on being adaptable and taking the right
steps to strategically enhance our business, and TriumphPay's
solution does that for us."
For more information, visit www.triumphpay.com.
About TriumphPayTriumphPay is the payments
network for freight brokers, factors, shippers and carriers in the
North American trucking industry. TriumphPay is a division of
TBK Bank, SSB, Member of FDIC, and a member of the Triumph Bancorp,
Inc. (Nasdaq: TBK) group.
About Triumph BancorpTriumph Bancorp, Inc.
(Nasdaq: TBK) is a financial holding company headquartered in
Dallas, Texas, offering a diversified line of payments, factoring
and banking services. www.triumphbancorp.com
Forward-looking StatementsThis press release
contains forward-looking statements within the meaning of the
federal securities laws. Investors are cautioned that such states
are predictions and that actual events or results may differ
materially. Triumph Bancorp's expected financial results or other
plans are subject to a number of risks and uncertainties. For a
discussion of such risks and uncertainties, which would cause
actual results to differ from those contained in the
forward-looking statements, see "Risk Factors" and the
forward-looking statement disclosure included in the company's
Annual Report on Form 10-K, filed with the Securities and Exchange
Commission on February 14, 2022. Forward-looking statements speak
only as of the date made, and Triumph Bancorp undertakes no duty to
update the information.
Investor RelationsLuke WyseSVP, Finance &
Investor Relationslwyse@tbkbank.com214-365-6936
MediaAmanda TavackoliSVP, Director of Corporate
Communicationatavackoli@tbkbank.com214-365-6930
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