digital payments

New digital payment platforms driving cash flow innovation

This fireside chat recap is from FreightWaves’ Supply Chain Meets FinTech event on Wednesday.

FIRESIDE CHAT TOPIC: Building freight fintech: disrupting payments in the transportation industry.

DETAILS: How will new payment offerings change a truck driver’s job? FreightWaves and Uber Freight discuss why more firms are offering payment platforms for drivers, and the most promising technologies in payments.

SPEAKERS: Jerry Tolochko, strategy and planning at Uber Freight, and Rachel Premack, editorial...

https://www.freightwaves.com/news/new-digital-payment-platforms-driving-cash-flow-innovation

No more paper checks or payment delays

Since the COVID-19 pandemic began, inefficiencies have come to light across all industries. In the trucking industry, payment systems have been in the spotlight. Truck drivers — who have proved to be the backbone of a moving, functioning economy — are often left at the bottom of the pay system through processes like mailed paper checks or invoices, limiting their access to cash flow.

While many trucking companies still use paper checks and automated clearing houses (ACHs), some are moving to a...

https://www.freightwaves.com/news/no-more-paper-checks-or-payment-delays

FLEETCOR earnings down slightly in Q1

Fleetcor reports first-quarter earnings for 2021.Link to full report

Global commercial fuel-card and business payments company FLEETCOR Technologies Inc. (NYSE: FLT) on Wednesday reported adjusted earnings per share (EPS) of $2.82 for the first quarter, a 6% decrease from adjusted EPS of $3 in the first quarter of 2020.

After better-than-expected fourth-quarter earnings, FLEETCOR’s first-quarter net revenue was $609 million, an 8% year-over-year decrease.

“Although revenue and adjusted EPS were down, … we remain encouraged that new sales were up...

https://s29755.pcdn.co/news/fleetcor-earnings-down-slightly-in-q1

PayPal plans to take Curv to improve crypto payment security

PayPal Holdings (NASDAQ: PYPL) is acquiring Curv, a provider of cloud-based infrastructure for digital asset securities such as cryptocurrencies.

Terms were not disclosed, but a report last week suggested PayPal may pay as much as $500 million for the Tel Aviv, Israel-based firm. A second report from Calcalist reported the sale price would be between $200 million and $300 million.

“The acquisition of Curv is part of our effort to invest in the talent and technology to realize our vision for a...

https://s29755.pcdn.co/news/paypal-acquires-crypto-security-firm-curv

FLEETCOR Q4 earnings ‘better than expected’

FLEETCOR reported Q4 earnings for 2020.Link to full report

Global business payments company FLEETCOR Technologies Inc. (NYSE: FLT) reported adjusted earnings per share of $3.01 for the fourth quarter Thursday, higher than Yahoo Finance’s estimated $2.82, but a 5% decrease compared to the 2019 fourth quarter. 

“Q4 finished better than expected, with improving trends across the board,” said Ron Clarke, chairman and chief executive officer at FLEETCOR, in a statement. 

FLEETCOR reported net revenue of $617 million in the quarter, an 11.7%...

https://s29755.pcdn.co/news/fleetcor-q4-earnings-better-than-expected

Customized digital payments give brokers a new edge

truck goes down highway

In an industry that is becoming increasingly digitized, customization is king. Brokers with the capacity to meet their carriers exactly where they are are more likely to keep them in their network, ultimately making the relationship more fortuitous for both parties. 

Customizable payment programs – like HaulPay by ComFreight – offer brokers the opportunity to pay each carrier on a schedule that works best for them. Custom payment options allow brokers to offer quick pay when necessary while...

https://s29755.pcdn.co/news/customized-digital-payments-give-brokers-a-new-edge-to-excel

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