TriumphPay partners with Highway to combat double-brokering fraud

TriumphPay, a division of TBK Bank, SSB, Member of FDIC, and a member of the Triumph Financial portfolio of brands, announced a strategic partnership with Highway, a premier technology provider for carrier identity management. The collaboration aims to identify and mitigate double-brokering fraud schemes that are increasing in frequency, scale and sophistication. The partnership will arm customers of TriumphPay and Highway with essential information to prevent bad actors from being loaded and paid, allowing them to focus on securing capacity with the most reliable carriers. "Our partnership with Highway will significantly strengthen our efforts to combat double-brokering fraud in the freight industry, which we estimate affects $500-700M worth of freight annually," said Melissa Forman, president of TriumphPay. "By combining our resources and expertise, we’re providing our customers with an invaluable tool for detecting and mitigating fraud while improving the overall payment experience for carriers."