TriumphPay is in the midst of a gradual rollout of LoadPay, a service aimed at owner-operators that will pull together the cross-section of services offered by the parent company, Triumph Financial.
“LoadPay at its core is a commercial bank account built for truckers,” Melissa Forman, the president of TriumphPay, said in an interview with FreightWaves. “We are a bank at our core that allows us to be able to do things that other providers might not be able to do, which means we can move money...
Digital freight network Convoy announced Thursday it has reduced its quick pay services time frame down to eight hours.
Previously, Convoy’s carrier network could have access to funds within 48 hours with no fee since 2016.
Now those that utilize its quick pay service can get payments transferred directly to their bank accounts the same day within eight hours, depending on their banking providers, with a 1.5% transaction fee.
Fees from factoring companies and other quick pay service providers...
https://www.freightwaves.com/news/convoy-introduces-faster-quick-pay-service-with-low-fees