TriumphPay reaches $16B payment milestone, adds factoring veteran to leadership

TriumphPay, a division of TBK Bank and member of Triumph Bancorp Inc. Group (NASDAQ:TBK), announced on Tuesday it has exceeded $16 billion in annualized payments volume for Q3 of 2021.

The company works with carriers, shippers, brokers and factors to help process, settle and manage transportation payments in its payment platform.

After acquiring cloud-based automation software HubTran in April, the company has been able to leverage AI and machine-learning techniques in its platform to help supply...

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