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Trax, TriumphPay Partner to Prevent Transportation Fraud

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Trax, TriumphPay Partner to Prevent Transportation Fraud

Trax and TriumphPay executives co-present strategies for mitigating transportation fraud risks, while gaining end-to-end visibility into carbon emissions for reporting and reduction purposes.

Trax Technologies, the global leader in Transportation Spend Management (TSM) solutions, and strategic partner TriumphPay, the premier payments network for freight brokers, factors, shippers, and carriers, are educating industry leaders about methods for reducing the risk of fraud within transportation payments. With U.S. business logistics costs reaching a staggering $2.3 trillion in 2022 and fraud activity increasing 57% in Q2 2023 compared to Q2 2022, transportation payments fraud is a huge area of concern for global supply chain leaders.

Trax and TriumphPay are co-presenting during the Council of Supply Chain Management Professionals (CSCMP) EDGE 2023 Supply Chain Conference and Exhibition Mon., Oct. 2, 11 a.m. – 11:45 a.m. EST. During the session, “Using Data & Analytics to Improve Carrier Relationships,” leaders from both companies will discuss solutions to multifaceted challenges, including transportation fraud prevention.

Trax and TriumphPay are developing a seamless integration between Trax’s global freight audit solution and TriumphPay’s payments network to create a highly secure payments platform for its Fortune 1000 customer base. This integration will create greater financial flexibility and improved working capital for both shippers and logistics service providers, while reducing the risk of fraud within transportation payments.

The Trax team is available to meet with CSCMP Edge 2023 attendees following the panel presentation at Trax booth #101. Attendees can learn more about how credible freight audit and payment processing tools and data utilization can support fraud reduction, while optimizing shipping costs and transportation carbon emissions.


Transfix Releases First-of-its-Kind Shipment Verification Feature to Combat Freight Fraud

Now, carriers who book with Transfix can instantly authenticate loads and identify fraudulent rate confirmations

Transfix, Inc. (“Transfix”) today announced the launch of a new security enhancement designed to verify load authenticity and provide the shipping community with greater ability to prevent the carrier fraud that has been prevalent in the industry.

While fraud has always affected the trucking industry, research indicates a significant increase over the past years, with CargoNet recently reporting a 57% increase in Q2 2023 fraud events as compared to Q2 2022. Fraudulent freight activity can lead to delayed deliveries, lost revenue for both shippers and carriers, and supply chain inefficiency.

One security weakness that has troubled the sector is fraudulent actors impersonating legitimate freight brokers and shippers. These fraudsters then contract carriers to deliver shipments but never pay them, further damaging the carrier’s bottom line in an already challenging freight market. To combat this, Transfix has added a unique QR code to its rate confirmations, making it easy to confirm that the shipment is a confirmed Transfix load. When scanned by a smartphone camera, the QR code will take drivers to “” – a dedicated landing page where load authenticity and shipment details will be validated.

If a carrier receives an unauthorized rate confirmation from Transfix, then the rate confirmation will either not have a QR code, will have a QR code that does not scan, will generate inaccurate shipping details, or will direct the user to a landing page not containing “”.

This new feature is one of a number of security enhancements Transfix has initiated which have the benefit of fighting fraud. Most recently, the company partnered with Highway, a carrier identification solution designed to reduce fraud and supercharge digital bookings. Highway improves efficiency by replacing the standard practice of vetting a carrier through multiple sites.

Read more about Transfix’s work to combat fraud here.