2. 4. Box 70. The bank’s freight payments platform, TriumphPay, saw invoice volume decrease by 7. If you need to modify roles and privileges, please contact your account administrator or contact us at TriumphPay Support. The company works with carriers, shippers, brokers and factors to help process, settle and manage transportation payments in its payment platform. 2 billion. Todd Ritterbusch - President, TBK Bank. Total invoices purchased dropped to $2. That’s growth then of just five brokers over six months. 3. is a financial holding company focused on payments, factoring and banking. Headquartered in Dallas, Texas, its diversified portfolio of brands includes. TriumphPay reported 589 brokers on the network in the first quarter of 2023, compared to 580 in the fourth quarter and 584 in the third quarter. 01, 2022 (GLOBE NEWSWIRE) -- Triumph Bancorp, Inc. Triumph is the transportation industry’s go-to for cash flow management services, including factoring, fuel programs, insurance, equipment finance and more. Get Directions. About Triumph FAQs Read our most frequently asked questions. Where can I find the check number or ACH code for a paid invoice? Wed, 1 Nov, 2023 at 1:29 PM « Previous; 1; 2;TriumphPay Triumph | 651 Canyon Drive, Suite 105 Coppell, Texas 75019 | (866) 356-0888 Factoring services offered by Triumph Financial Services LLC. 494 million in the second quarter, which was up slightly from 1. Enter the required information and click Submit. Knight-Swift Transportation and TriumphPay Bring Security and Speed to Carrier Payments. TriumphPay’s mobile app allows you to stay in control of your paperwork and payments from anywhere. As of today, we have two TriumphPay enabled freight brokers, making payments to five TriumphPay enabled factoring companies in our test program. Give Us a Call at 1-866-218-0030. Enter the reference or invoice number in the search bar. Factoring Basics. At-a-glance. Una vez que haya localizado la factura, oprima la línea de la factura para ver los detalles. TriumphPay, a division of TBK Bank, SSB, is a carrier payment platform that connects brokers, shippers and factors and aims to increase automation, mitigate fraud and create efficiency by helping brokers pay carriers faster. TriumphPay simplifies the management of carrier payments for brokers and shippers including managing verification and collection calls from factoring companies. Apr 14. 1. May 19, 2015. Headquartered in Dallas, Texas, its diversified portfolio of brands includes TriumphPay, Triumph and. More articles by John Kingston. For each carrier across all their various broker relationships, TriumphPay has a single factor of record. (TFIN) stock quote, history, news and other vital information to help you with your stock trading and investing. Valdez joined WEX in 2019 when the company acquired Pavestone. 3, 2022 – TriumphPay, a division of TBK Bank, SSB, today. The Sales and Marketing for Factors in a Digital Era training class will provide sales managers, marketing managers, and other decision makers such as presidents and senior executives the insight needed to effectively craft a digital marketing strategy, fine tune their sales force, and to ensure all your sales and marketing strategies are working together to. Choose Your language. Log into your TriumphPay Factor Portal with your username and password. Triumph Bancorp, Inc. The bank’s freight payments platform, TriumphPay, saw invoice volume decrease by 7. TriumphPay Audit Document Viewer Key Board Shortcuts. Dallas – Sept. TriumphPay is the payments network for freight brokers, factors, shippers and carriers in the North American trucking industry. With its acquisition of Covenant’s factoring business now a done deal, Triumph Bancorp’s third-quarter earnings call focused on the future, with TriumphPay a focus of its growth plans. To verify your payment status, you must be registered on TriumphPay and connected to your Broker or Shipper to view your approved invoices. Triumph's CEO sees a milestone but EBITDA at TriumphPay worsens. Triumph Financial is a financial and technology company focused on payments, factoring and banking. 4 million, plus Company common stock valued at approximately $13. To ensure only a single factor is being paid, we will hold any broker-carrier relationships whose factor conflicts with the TriumphPay factor of record for that. See status and meanings. When it comes to getting paid, TriumphPay keeps you in the driver’s seat. 1. TriumphPay, the payment and processing arm of Triumph Bancorp, has completed its first round of what it is calling “conforming…If you account already exists and your email matches the existing account, you will need to reset your password. 4. TriumphPay Triumph | 651 Canyon Drive, Suite 105 Coppell, Texas 75019 | (866) 356-0888 Factoring services offered by Triumph Financial Services LLC. CEO Aaron Graft took the. TriumphPay Announces Payments Milestone and Additions to Executive Leadership Team. With TriumphPay Audit up and running, the company plans to focus on reducing inefficiencies in payment processes and providing transparency by continuing to onboard its network onto the product, a network that currently stands at 562 freight brokers and 70 factoring companies. Headquartered in Dallas, Texas, its diversified portfolio of brands includes. May 24. With its acquisition of Covenant’s factoring business now a done deal, Triumph Bancorp’s third-quarter earnings call focused on the future, with TriumphPay a focus of its growth plans. Read Article. Do I Have to Use QuickPay on All My Invoices? Triumph provides fast invoice factoring that allows owner-operators, fleets and freight brokers to manage cash flow and stay on track financially. DALLAS – AUGUST 22, 2023 – TriumphPay announced today the addition of Knight-Swift Transportation (NYSE: KNX) to its open payments…. 28%) Q3 2021 Earnings Call. TriumphPay, the payment and processing arm of Triumph Bancorp, has completed its first round of what it is calling “conforming…The transaction was structured as the acquisition of TFS’ factoring assets, consisting primarily of $103. 1 billion on an annualized basis. TriumphPay is a product of Advance Business Capital, an operating subsidiary of TBK Bank, SSB (Member FDIC). He joins TriumphPay from WEX Fleet One Factoring, where he managed the recourse and non-recourse transportation factoring portfolio. 07/21/2022. Melissa Forman – President of TriumphPay. The update request can take up to two. The collaboration aims to identify and mitigate double-brokering fraud schemes that are increasing in frequency, scale and sophistication. It operates through four segments: Banking, Factoring, Payments, and Corporate. TriumphPay is a division of TBK Bank, SSB, Member of FDIC, and a member of the Triumph Bancorp, Inc. brokers as clients. Very excited to begin bringing this to life with the HubTran team, solving meaningful problems for such an important industry!TriumphPay is the payments network for freight brokers, factors, shippers and carriers in the North American trucking industry. In particular, the payments segment that includes TriumphPay will be broken out separately, as will the factoring business from Triumph Business Capital. We handle Presentment, Audit and Payment in one convenient place for the industry. TriumphPay is the payments network for freight brokers, factors, shippers and carriers in the North American trucking industry. TriumphPay is the premier payments network for freight brokers, factors, shippers and carriers in the North American trucking industry, offering a structured, secure data exchange. TriumphPay is the payments network for freight brokers, factors, shippers and carriers in the North American trucking industry. (“Trax”) announced today a strategic relationship in which TBK… June 22, 2023 • By TriumphPay Read ArticleHere’s how one TriumphPay factoring customer feels: "This is just as exciting and impactful as the first time we landed on the moon. (Nasdaq: TBK) is a financial holding company headquartered in Dallas, Texas, offering a diversified line of payments, factoring, and banking services. AscendTMS Tracker. Triumph is continuing to bring on what it calls tier 1 clients, which are brokers or shippers that transport $500 million of freight volume or more in any given year. The Payments segment includes the operations of TBK Bank's TriumphPay division, which is the payments network presentment, audit, and. TriumphPay Calls Out Achievement of First Fully Automated Factoring Payments. Business hours are Monday through Friday, 7am - 5pm Central Standard Time. DALLAS – AUGUST 22, 2023 – TriumphPay announced today the addition of Knight-Swift Transportation (NYSE: KNX) to its open payments…. Headquartered in Dallas, Texas, its diversified portfolio of brands includes. He joined WEX in 2019 when the company acquired Pavestone Capital , a factoring company co-founded by Valdez that served small and middle-market transportation and. Enter the required information and click Submit. Moreover, brokers can expedite invoice auditing with TriumphPay, which uses optical. RTS Financial. About Triumph Bancorp Triumph Bancorp, Inc. The Factoring segment includes the operations of Triumph Financial Services, which offers factoring services to its customers across a variety of industries with a focus on transportation factoring. Triumph Financial, Inc. To ensure only a single factor. Modified on: Tue, 4 Apr, 2023 at 11:17 AM. 4. 93 billion in the first. TriumphPay is a payments platform focused on the transportation industry. Triumph Bancorp, Inc. TriumphPay dealt with the same weak conditions as other trucking-focused companies in the second quarter, but one key measure was stronger. The acquisition doesn’t open new services to factoring companies; they could use HubTran previously. Listen to the full. Modified on: Fri, 4 Nov, 2022 at 11:28 AM. com PRODUCED BY NORTH AMERICA OUTLOOK MAGAZINE Document detailsOnce they become a Triumph factoring client, we’ll automatically deposit a $100 credit to your cash reserves. “TriumphPay is, in my view, the golden ticket to drive future shareholder value creation. TriumphPay, in 2017 and has been working to scale it ever since. The average trucking invoice size in the quarter was $2,176, up 4% year over year. Triumph Financial, Inc. General factoring is a little bit harder to pin down, because those balance is. In early January, the network demonstrated a successful beta phase where TriumphPay completed a series of conforming transactions between two TriumphPay-enabled payors (a freight broker or shipper) and five fully TriumphPay-enabled payees (a carrier or its factoring company). 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. Bank of New Mexico. 4. 6wheeler, Oct 18, 2020. today announced the completion of an extensive rebranding effort, including a change of the company name to Triumph Financial, Inc. For a faster response, please submit a ticket for your inquiry at Support. TriumphPay simplifies the management of carrier payments for brokers and shippers, including managing verification and collection calls from factoring companies. Logistics and financial sector veteran to lead TriumphPay’s client relationship team DALLAS – Oct. We look forward to more conforming transactions coming. 62. TriumphPay, the payment and processing arm of Triumph Bancorp, has completed its first round of what it is calling “conforming…TriumphPay simplifies the management of carrier payments for brokers and shippers including managing verification and collection calls from factoring companies. 03:50 We have 11 more factors in the queue. TriumphPay is partnering with factors to eliminate manual labor, inefficiency, and risk as they execute and scale their business. Our Company. This has been…. Bundle option for submitting multiple invoices. TriumphPay is offered through an operating subsidiary of TBK Bank, SSB (Member FDIC). Technology Vendors. “TriumphPay prior to acquiring HubTran did not have. The TriumphPay app allows you to manage your paperwork in one place. Trax and TriumphPay Tackle Fraud Prevention at CSCMP EDGE 2023. TriumphPay reaches $16B payment milestone, adds factoring veteran to leadership CEO transitions to strategic adviser alongside CEO of TBK Bank by: Grace Sharkey – September 28, 2021 TriumphPay, a division…Prior to TriumphPay, Michael was the Principal Engineer at HubTran (acquired by TriumphPay in 2021) and was responsible for designing and building key elements of Hubtran’s technical stack, along with helping the engineering team grow by a factor of 10. For assistance with changes to Broker QuickPay, please contact TriumphPay Support. TriumphPay. (Nasdaq: TFIN) is a financial holding company focused on payments, factoring and banking. TriumphPay is a product of Advance. The TriumphPay open payments network has rapidly expanded since its launch in January 2022, creating a more secure hub for the presentment, audit and payment of. Factor FAQ TriumphPay Audit Document Viewer Key Board Shortcuts How can I see the Carrier Payment Information? How do I submit a NOA or LOR? Is my Notice of. Factoring veteran Valdez tapped to lead factor vertical of the payments network for trucking. For each carrier across all their various broker relationships, TriumphPay has a single factor of record. Find locations. Historically, the tools. "Today is a momentous day for our company and our team members," Jordan Graft, CEO of TriumphPay, said. To talk through some of those challenges, TriumphPay President Melissa Forman-Barenblit joined… Read ArticleTriumphPay Calls Out Achievement of First Fully Automated Factoring Payments TriumphPay Calls Out Achievement of First Fully Automated Factoring Payments. He joins TriumphPay from WEX Fleet One Factoring, where he managed the recourse and non-recourse transportation factoring portfolio. developments at TriumphPay. TriumphPay simplifies the management of carrier payments for brokers and shippers including managing verification and collection calls from factoring companies. (Nasdaq: TFIN) is a financial holding company focused on payments, factoring and banking. Second, certain upfront. TriumphPay is the payments network for freight brokers, factors, shippers and carriers in the North American trucking industry. We are undergoing a scheduled maintenance and will be back online shortly. While a year ago, the focus of its analyst call might have been how Triumph Business Capital, its factoring arm, was performing, now the attention is overwhelmingly on TriumphPay, its rapidly. The overview of your factoring history with Triumph Business Capital will show for the date range you selected. 2. Do I Have to Use QuickPay on All My Invoices? Tue, 17 Oct, 2023 at 7:26 PM. If you have any questions or need further assistance, please contact TriumphPay Support. TriumphPay calls out achievement of first fully automated factoring paymentsDALLAS – June 22, 2023 – TriumphPay and Trax Group, Inc. The result? “They return to factoring,” Graft said. When it comes to getting paid, TriumphPay keeps you in the driver’s seat. 03:50 We have 11 more factors in the queue. TriumphPay is a carrier payment platform that connects brokers, shippers and carriers through forward-thinking solutions that help each party successfully process, settle and manage carrier payments and drive growth. January 12, 2020: Bug Fixes Users logging into factor. TriumphPay Articles. We value your partnerships and thank you for your interest. Banking services offered by TBK Bank, SSB, Member FDIC. It was negative 55% in the second quarter and negative 66% in the first quarter. TriumphPay provides digital, frictionless. Dallas – Sept. Although the numbers on the size and performance of Triumph Bancorp's factoring business were significantly down in the second quarter from recent trends, the company's CEO said trends. Bloomberg Businessweek Radio Interview – Inflation, Gas Prices, and Challenges for Truck Drivers. The average timeframe for processing is two. TriumphPay Triumph | 651 Canyon Drive, Suite 105 Coppell, Texas 75019 | (866) 356-0888 Factoring services offered by Triumph Financial Services LLC. 2. Getting started with triumph factoring login: Trying to access triumph factoring login, this is what you can expect from triumph factoring login websites. Find related and similar companies as well as employees by title and much more. Jul. The bulk of this decline was driven by a $7. This email address will be provided during the onboarding process. In the second quarter, that growth was five. TriumphPay President Melissa Forman-Barenblit joined Bloomberg Businessweek Radio to discuss how payments for truck drivers are being impacted by inflation and higher gas prices. Triumph Business Capital is proud of its membership. Enter the carrier's name or MC number to search the entity. . It's just a payment service for broker's. Este proceso puede tardar hasta 10 dias laborables para verificación de crédito. User roles include Admin, Billing, and Driver; users can be assigned multiple roles. Prior to this promotion, Valdez served as senior vice president for TriumphPay. Upload and Create Paperwork. Factoring is immediate payment for invoices with a small percentage retained by the factoring company. TriumphPay is the payments network for freight. Not all. When it comes to getting paid, TriumphPay keeps you in the driver’s seat. TriumphPay’s mobile app allows you to stay in control of your paperwork and payments from anywhere. The overall numbers for Triumph Business Capital — the traditional factoring business at Triumph Bancorp — and TriumphPay marked significant increases. TriumphPay provides digital, frictionless presentment, settlement, and payment experiences giving our partners the freedom to grow their businesses and empowering carriers to determine how and when they would like receive payment. Factor FAQ. Go to TriumphPay login screen and select the I forgot my password option. Select Invoices, located on the left side menu. For each carrier across all their various broker relationships, TriumphPay has a single factor of record. The transaction was structured as the acquisition of TFS’ factoring assets, consisting primarily of $103. The transaction was structured as the acquisition of TFS’ factoring assets, consisting primarily of $103. +1. 4. 2. How Do I Select QuickPay?How can Factoring Administrators manage user accounts? Modified on: Thu, 22 Jun, 2023 at 11:02 AM. Here’s how one TriumphPay factoring customer feels: "This is just as exciting and impactful as the first time we landed on the moon. TriumphPay is the open payments network for freight brokers, factors, shippers and carriers in the US trucking industry. Access your TriumphPay Factor Portal with your username and password. Triumph Factoring works quickly, too – in some cases, it’ll pay out on your invoices the same day you submit them. S. Learn more how brokers can outsource carrier payments and earn extra revenue on their QuickPays with TriumphPay's seamless integration with Ascend TMS. TriumphPay is a carrier payment platform that connects brokers, shippers, factors and carriers through forward-thinking solutions that help each party successfully process, settle and manage. TBK Bank meets the needs of clients through an expansive. Brokers who join TriumphPay’s. Brad Voss - Chief Financial Officer. To ensure only a single factor is being paid, we will hold any broker-carrier relationships whose factor conflicts with the TriumphPay factor of record for that. We are currently implementing industry leading identity management and MFA (multi-factor. TriumphPay’s open payments network has expanded since its launch in January 2022, as the network now has more than 30 of the top 50 U. (Nasdaq: TBK) group. 9 million. No more waiting 30 – 45+ days for a broker to process your invoices and pay you. Press Releases. Call (888)-356-0888. Valdez joined WEX in 2019 when the company acquired Pavestone. The company offers depository products, including checking, savings, money market and certificates of deposit; and loan products comprising commercial real estate loans, land loans, commercial construction and land development loans, residential real. 3. The dollar volume of invoices purchased was $2. In addition to Brad Voss, the chief financial officer of Triumph Bancorp, and Geoff Brenner, the chief executive. He joins TriumphPay from WEX Fleet One Factoring, where he managed the recourse and non-recourse transportation factoring portfolio. TriumphPay is a contributor to earnings rather than a drag. January 20, 2022 Q4 2021 Earnings Release DISCLAIMER FORWARD-LOOKING. Factoring services offered by Triumph Financial Services LLC. Triumph Financial, Inc. More significant might have been Graft’s comment that it has not lost any factoring companies since signing them up to TriumphPay. The TriumphPay payments network and integrated technology solutions remove friction and reduce fraud in the presentment, audit and payment of over. Knight-Swift Transportation and TriumphPay Bring Security and Speed to Carrier Payments. Past Events. Under the terms of the agreement, TriumphPay will acquire HubTran for $97 million in cash, subject to customary purchase price adjustments and closing. TriumphPay. Triumph Business Capital, another subsidiary, provides data-driven automation solutions for factoring clients. TriumphPay, a division of TBK Bank, reported that its annualized payments volume for Q3/21 will exceed $16 billion. triumphpay. J. 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. Since this announcement last week. Maintenance. TBK Bank meets the needs of clients through an expansive. If the payment is posted after 4PM CST, it will be processed the next business day. 3. I was a little apprehensive about using a factoring company but once I got started and received my first funding I realized that it was the best for my company! Thanks Triumph!” Google ReviewPrior to joining TriumphPay last year, Valdez worked at WEX Fleet One Factoring, where he managed the daily operations of its transportation factoring portfolio. Group ( NASDAQ:TBK ), announced on Tuesday it has exceeded $16 billion in annualized payments volume for Q3 of 2021. Prior to this promotion, Valdez served as senior vice president for TriumphPay. For your convenience, you can verify the payment status of an invoice on the TriumphPay Portal. TriumphPay; Triumph | 651 Canyon Drive, Suite 105 Coppell, Texas 75019 | (866) 356-0888. The Factoring segment includes the operations of Triumph Financial Services with revenue derived from factoring services, The Payments segment includes the operations of TBK Bank's TriumphPay. “We are closing in on our EBITDA-positive goal which we have committed to achieve on or before the end of 2024,” Graft said in. However, these invoices are engineered through application. (Nasdaq: TBK), a financial. While the current financial reporting at Triumph does give specific figures on several factoring metrics, the new reporting method should give a clearer picture of how these two key legs at. We also serve a national client base with carrier payment solutions through TriumphPay, factoring through Advance Business Capital LLC d/b/a Triumph Business Capital, insurance through Triumph. e2open ConnectConnect 2023 Conference in Orlando, FloridaSeptember 11 – 14, 2023 TriumphPay is coming to the e2open Connect 2023 Conference… August 14, 2023 • By TriumphPayTransportation factoring can provide you with immediate cash and help you keep up on operating expenses, so you can keep your wheels turning. (Nasdaq: TFIN) is a financial holding company focused on payments, factoring and banking. Michael Niessner is now Chief Technology Officer of TriumphPay. A pop-up window will appear on the right side of the screen with the most recent updates about TriumphPay portal. The TriumphPay open payments network has expanded since its launch in January 2022, creating a hub for the presentment, audit and. Triumph provides a unified product offering that includes invoice factoring, fuel discount programs, truck and cargo insurance and access to equipment finance, banking and treasury services. Modified on: Fri, 10 Nov, 2023 at 9:45 AM For each carrier across all their various broker relationships, TriumphPay has a single factor of record. About. Factoring companies are part of the solution, stepping in to help get carriers paid quickly. Our TBK Bank brand provides consumer,. Triumph Financial Inc. We were joined by over 30 factor. Valdez joined WEX in 2019 when the company acquired Pavestone. Data from the traditional factoring business at TriumphPay in the earnings shows the impact of a sliding market. Triumph Business Capital is the traditional factoring business at Triumph Bancorp. TriumphPay added the Worldwide Express family of brands, which includes Worldwide Express, GlobalTranz and Unishippers, to its open payments network as a full audit and payments network participant. In this new role, Valdez will now oversee the strategic direction of Triumph’s factoring vertical. Click on Debtors, located on the left side menu. Triumph Financial is a financial and technology company focused on payments, factoring and banking. Through our brands —TriumphPay and. John Kingston. 3. Thank you for choosing TriumphPay to assist you with the process and improvements to your operations. Find triumph factoring login page and submit your information following their guideline. (Nasdaq: TBK) is a financial holding company headquartered in Dallas, Texas, offering a diversified line of payments, factoring, and banking services. 2. TriumphPay, the payment and processing arm of Triumph Bancorp, has completed its first round of what it is calling “conforming… Prior to TriumphPay, Michael was the Principal Engineer at HubTran (acquired by TriumphPay in 2021) and was responsible for designing and building key elements of Hubtran’s technical stack, along with helping the engineering team grow by a factor of 10. 4) % Purchased. The transaction was structured as the acquisition of TFS’ factoring assets, consisting primarily of $103. Sell your accounts receivable at a discount and get. This puts small operations in a bind because their employee salaries, vendor payments, and taxes are due whether the customer pays or not. Group , announced on Tuesday it has exceeded $16 billion in annualized payments volume for Q3 of 2021. Factoring Companies. and the largest broker to join the TriumphPay open payments network. Learn More. Once you locate the invoice, you. Broker FAQ. TriumphPay Factor of Record Holds. Seleccione Payments, localizado al lado izquierdo de la página. , and equipment lending and asset based lending through Triumph Commercial Finance. TriumphPay is the payments network for trucking, by integrating 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. 5% in the first quarter while total payment volume decreased by 9. We provide. TriumphPay is a division of TBK Bank, SSB, Member of FDIC and a member of. TriumphPay is already providing unparalleled value to the industry by creating new revenue opportunities for brokers, supporting back and front-office administration, and providing working capital for projects or business initiatives. 3 of them have reviews. The Payments segment includes the operations of TBK Bank's TriumphPay division, which is the payments network presentment, audit, and payment of. Apr 14. ***** and. Modified on: Fri, 10 Nov, 2023 at 5:45 PM. senior vice president and chief strategy officer at TriumphPay, said there had. He joins TriumphPay from WEX Fleet One Factoring, where he managed the recourse and non-recourse transportation factoring portfolio. (Nasdaq: TBK) group. The company works with carriers, shippers, brokers and factors to help process, settle and manage. Gracias por seleccionar TriumphPay para asistirlo con el proceso y mejoras de sus operaciones. 2B of invoices in a structured, secure data. The TriumphPay open payments network has expanded since its launch in January 2022, creating a hub for the presentment, audit and payment. WWEX is the fourth largest broker in the U. Nov 1. "We're thrilled that Schneider is. Prior to joining TriumphPay as senior vice president and chief operations officer in 2019, she spent decades in logistics services and over seven years in developing fintech services for transportation providers. TriumphPay, the payment and processing arm of Triumph Bancorp, has completed its first round of what it is calling “conforming transactions,” in which the infrastructure it has built organically and through the acquisition last year of HubTran completed a fully automated “soup to nuts” factoring payment. Valdez joined WEX in 2019 when the company acquired Pavestone. P. Modified on: Mon, 15 May, 2023 at 3:52 PM. Through our brands - TriumphPay and Triumph -. About TriumphPay TriumphPay is the premier payments network for freight brokers, factors, shippers and carriers in the North American trucking industry, offering a structured, secure data exchange. Valdez previously served as TriumphPay’s senior vice president and factor leader. Oct 21, 2021, 8:00 a. Truckstop Factoring Support - To talk to one of our factoring experts, call 1-888-777-5543 during regular business hours for assistance. From using industry best practices including encryption throughout the technology stack, to making security part of our software development process, we know that you depend on us to keep your data safe. Or -- and on the factoring side, of course, they're using TriumphPay only -- I mean, the primary value to TriumphPay on the factoring side is the receipt and the frictionless presentment, audit. Once a refund payment has been reissued, you can track the payment status on the TriumphPay portal. By Tim Valdez, senior vice president, factor leader at TriumphPay. While the Select Carrier discount rate starts at 2%, larger fleets may be eligible for a lower rate depending on the number of loads they haul for TriumphPay brokers. Prior to joining TriumphPay last year, Valdez worked at WEX Fleet One Factoring, where he managed the daily operations of its transportation factoring portfolio. Prior to joining TriumphPay last year, Valdez worked at WEX Fleet One Factoring, where he managed the daily operations of its transportation factoring portfolio. Click Send Code to continue. In the third quarter of 2022, the average transportation invoice factored by Triumph was $2,073. (Nasdaq: TBK) group. "We're thrilled that Schneider is expanding. +0. For this quarter, TriumphPay generated excess funding, investing that excess funding at the Fed funds rate created interest income of over $1.