Worldwide Express Joins TriumphPay Payments Network
May 23 2023 - 8:30AM
TriumphPay announced today the addition of 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. 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 invoices
in the transportation industry.
“TriumphPay is the next logical step for evolving our payments
processes for our carriers and customers,” said Tom Madine, chief
executive officer at Worldwide Express. “Joining TriumphPay’s
payments network allows our team to view and conduct transactions
more quickly, securely and efficiently. Worldwide Express has
always prioritized delivering best-in-class services and technology
for our customers and carriers, and TriumphPay gives us another
tool to do that across our three brands.”
TriumphPay processes or interacts with over 20% of all brokered
transactions in the U.S., touching over $37B in transactions. Each
broker added to the network brings additional layers of data,
security and transparency. Worldwide Express joins Schneider,
Arrive, Integrity Express Logistics and many others on the network
who value secure data exchanges between carriers, factors and
freight brokers.
“We’re incredibly excited to announce the partnership between
TriumphPay and Worldwide Express,” said Aaron P. Graft, vice
chairman and chief executive officer of Triumph Financial, Inc.
(Nasdaq: TFIN). “Worldwide Express is an innovative,
technology-enabled logistics solutions provider with a track record
for providing some of the best service and broadest modal offerings
in the industry. Joining the TriumphPay open payments network
reflects their commitment to being an unmatched leader in providing
carrier services.”
Worldwide Express is the largest of almost 100 freight brokers
to join the TriumphPay payments network as a full audit and invoice
processing customer. For more information, visit
https://triumphpay.com/ and https://wwex.com/.
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. The
TriumphPay payments network and integrated technology solutions
remove friction and reduce fraud in the presentment, audit and
payment of over $37 billion in transportation invoices.
TriumphPay is a division of TBK Bank, SSB, Member FDIC, and a
member of the Triumph Financial, Inc. (Nasdaq: TFIN) portfolio of
brands. For more information, visit www.triumphpay.com.
About Worldwide Express
Worldwide Express, LLC is a full-service, non-asset-based
logistics provider offering more than 121,000 customers access to
industry-leading small package, truckload and less-than-truckload
shipping solutions. With an annual systemwide revenue approaching
$5 billion through a network of company-owned, franchise and agent
locations, Worldwide Express, combined with its sister brands
GlobalTranz and Unishippers, is the second largest privately held
freight brokerage in the country. As the largest non-retail UPS®
Authorized Reseller in the U.S., the company is a local partner for
the global supply chains for shippers of all sizes, from small- to
medium-sized businesses to enterprise organizations. This, coupled
with a selective portfolio of more than 75 LTL and tens of
thousands of truckload carriers, provides clients with an unmatched
range of options and flexibility to meet their shipping needs. To
learn more, visit www.wwex.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. Investors are cautioned
that such statements are predictions, and that actual events or
results may differ materially. Triumph Financial's expected
financial results or other plans are subject to a number of risks
and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see “Risk
Factors” and the forward-looking statement disclosure contained in
the Company’s Annual Report on Form 10-K, filed with the Securities
and Exchange Commission on February 15, 2023. Forward-looking
statements speak only as of the date made and Triumph Financial
undertakes no duty to update the information.
Source: Triumph Financial, Inc.
Investor Relations Contact:Luke WyseSenior Vice
President, Finance & Investor
Relationslwyse@tbkbank.com214-365-6936
Media Contact:Amanda TavackoliSenior Vice
President, Director of Corporate
Communicationatavackoli@tfin.com214-365-6930
Derek MitchellVice President, PR & CommunicationsWorldwide
Expressderek.mitchell@wwex.com 214-720-2400
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