Aaron P. Graft

TriumphX aims to make its mark streamlining trucking payments

Dallas-based Triumph Bancorp. announced Wednesday the launch of TriumphX, a business unit aimed at streamlining freight financing options for carriers, shippers and brokers that need liquidity in order to move goods. 

TriumphX is a division of TBK Bank, the primary operating subsidiary of Triumph Bancorp. TriumphX will support the execution of Triumph Bancorp’s venture in transportation fintech, the company said in a release.

“We see massive opportunities to reshape the future of payments in...

https://www.freightwaves.com/news/triumphx-wants-to-streamline-trucking-payments

TriumphPay Audit onboarding customers; platform reduces industry payment inefficiency

TriumphPay announced that in January, the payment platform division of TBK Bank, SSB, had successfully beta tested TriumphPay’s full open payments network, leveraging recent technology investments to provide an undisclosed number of remittances between two payors and five payees from initial invoicing to final payment.

After TriumphPay acquired cloud-based automation software Hubtran in April for $97 million, its plan was to use that back-office technology to create a single, integrated payments...

https://www.freightwaves.com/news/triumphpay-audit-onboarding-customers-platform-reduces-industry-payment-inefficiency

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...

https://www.freightwaves.com/news/triumphpay-reaches-16b-payment-milestone-adds-factoring-veteran-to-leadership

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