Relay Payments has all three key travel centers after signing up TA.
The Relay Payments- Circle K partnership will enhance payment services at 500 truck-friendly locations.
Improved auditing reduced write-offs to below 1%.
Triumph Financial felt the soft freight market like everybody else, but its network of the future did show signs of improvement.
Growing big and bulky delivery provider Bungii wants to pay its drivers more quickly and conveniently.
Triumph Financial hit a significant milestone in the business it built from the acquisition of HubTran, but TriumphPay’s EBITDA worsened.
RoadSync and Fullbay have a deal that should assist in more rapid payments at repair shops.
San Francisco-based Loop wants to simplify logistics payments through a fundamentally different approach to technology.
The acceleration of B2B payments has stressed travel & expense payment tracking, but Fintech solutions can help.
Fleetcor Technologies Inc. on Wednesday reported revenues of $861 million in its second-quarter earnings.
TriumphPay improves the payments experience with expedited and secure transactions.
Trucking companies can build driver loyalty by delivering real-time payments through the Branch app
Fleetcor’s reported first-quarter earnings Thursday include a steady retention rate of 93%.
“Across the board, our businesses showed momentum and ended the year on a strong note,” said Charles Freund, CFO at Fleetcor.
B2B e-commerce is exploding, but payments processes are not keeping up, turning what should be a seamless experience into a frustrating process for many.
PayPal customers will now be able to use their Venmo accounts to make purchases on Amazon.
Fleetcor’s third-quarter adjusted earnings per share grew 26% year-over-year, while new sales bookings grew 52% in the same period.
The fintech company is tapping into a nationwide payments system infrastructure to get gig workers paid within seconds.
Truckers with 10% revenue loss can get up to $125,000 each from USDA
The new company already has 10 clients, as it takes the HubTran platform and steers it toward a market that is similar but with key differences.
PayPal reported its “strongest first-quarter results” in company history on Wednesday, posting $6.03 billion in revenue and a 46% increase in total payment volume.
Former PayPal executive John Lunn has returned to payments with Gr4vy, which has landed an $11.1 million Series A funding round.
PayPal has enabled the ability for customers on Venmo to buy and sell cryptocurrencies within the app.
TriumphPay is acquiring HubTran to integrate machine-learning capabilities for a fully integrated payments network for its customers.
Global payments technology provider Stripe has raised $600 million in a new funding round at a $95 billion valuation, making it the most expensive startup in the U.S.
When it comes to freight audit and payment strategy, shippers don’t operate as a monolith.
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Fuel card provider WEX Inc. reports a solid fourth quarter but calls out weakness in the trucking market.
Asset quality mostly improved but net interest margin compressed by 62 bps.
Fuel card and business payments provider, FLEETCOR, reports increases in fuel and toll revenue. Management said that they are seeing general softness across all trucking markets, domestically and abroad.
When Jim Handoush was growing up, he thought he was destined to work for Apple, which was in its infancy at the time. Today, Handoush doesn’t work at Apple, but is now helping guide the ship for another startup that is hoping to be just as disruptive.
Fleetcor modestly raises earnings guidance and says the acquisition pipeline has a couple of likely deals in the fuel, corporate payments and lodging segments.
WEX, Inc. (NYSE: WEX), a multi-channel provider of corporate payment solutions, reported earnings of $1.72 per share, down 9 percent year-over-year, but $0.03 per share higher than the consensus estimate. Additionally, the company increased earnings guidance for the year. Total revenue increased 8 percent to $381.9 million. Adjusted operating margin was 470 basis points lower […]
Cash flow – the life blood of a trucking operation – is under more pressure than ever as shippers continue to push out pay dates to their brokers, giving brokers limited options other than to do the same to their carrier partners.
Inside YRC’s fight with IPS Worldwide.
TriumphPay seamlessly integrates into a brokerage’s existing TMS (Transportation Management System) and core accounting platforms so that brokers can confirm payment to carriers with a click of a button. Brokers can customize their payment terms, including quick-pay options.
Thousands of European cryptocurrency debit card users were left in the lurch when Visa suddenly discontinued their services to crypto debit card issuer WaveCrest earlier this month.
When you run a trucking business that has weekly and daily bills such as salaries and fuel, but shippers pay at 30, 60 or even 90 days, ensuring you have the proper cash flow to maintain operations can be tricky. That’s why many owner-operators and smaller fleets have turned to invoice factoring.
Weeks after Mastercard announced its foray into blockchain technology, American Express (AmEx) has launched its own blockchain-based payment service through the fintech startup Ripple, according to a report by Reuters.
There are some things that money can’t buy. For everything else, there’s Mastercard even for blockchain as reported by ZDNet. This opens up new opportunities for merchants and financial institutions alike to apply this technological trend to their own e-commerce-related foray into cloud-based solutions.
