TriumphPay Adds Schneider to Open Payments Network

TriumphPay added Schneider to its rapidly open payments network. TriumphPay has continued expanding the reach of its open payments network since it launched earlier this year, providing brokers, factors, shippers and carriers a single solution to manage payments and mitigate fraud and risk.

"We're thrilled that Schneider is expanding their relationship with us to include invoice processing on TriumphPay's best-in-class payments network," Aaron P. Graft, vice chairman and CEO of Triumph Financial, said "Schneider has a long history of being at the forefront of innovation and they continue to prove their ability to be early adopters of game-changing technology. We're excited to deliver speed, transparency and risk reduction to their payments life cycle while expanding the volume and breadth of industry leaders participating in our platform."

Schneider joined 75 other brokers on TriumphPay’s network, including Arrive, Integrity Express Logistics (IEL), Covenant, Becker and many more. These brokers, combined with 20 factors, processed $671 million of payments since the network's launch in January through Sept. 30. The payments network is a subset of the $23.8 billion that TriumphPay processes annually on behalf of its brokers and shippers.

"TriumphPay is leading the revolution in freight payments with technologies that deliver quick and secure transactions. We're very excited to expand our relationship with Schneider, who has been a payments customer since 2020,” Melissa Forman, president of TriumphPay, said. "When Schneider adopts new technology, the rest of the industry follows. We look forward to continuing to grow with Schneider by helping recognize payments efficiencies and improve their carrier experience and are excited to welcome additional brokers to the network in the coming months."

"Schneider is incredibly excited about the value TriumphPay brings to carriers and that’s why we decided to further expand the solution," Ben Schuchart, senior vice president of Schneider Transportation Management, said. "By simplifying our payments process and offering even more transparency into invoice processing, we can be more efficient for carriers and customers, thanks to TriumphPay. Schneider prides itself on being adaptable and taking the right steps to strategically enhance our business, and TriumphPay's solution does that for us."