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Stock impact report

TriumphPay's LoadPay a new tool in fierce battle to get drivers paid faster [Yahoo! Finance]

Wabash National Corporation (WNC) 
Last wabash national corporation earnings: 2/12 06:50 am Check Earnings Report
US:NYSE Investor Relations: ir.wabashnational.com
Company Research Source: Yahoo! Finance
“LoadPay at its core is a commercial bank account built for truckers,” Melissa Forman, the president of TriumphPay, said in an interview with FreightWaves. “We are a bank at our core that allows us to be able to do things that other providers might not be able to do, which means we can move money 24/7, 365 days a year, without being reliant on an ACH [Automated Clearing House] transfer or the Federal Reserve.” The competition to get drivers paid quickly is fierce, as this article from FreightWaves shows, as well as this article and this one . (There are others as well.) With functionality in payment processes identical for the vast majority of the basic services provided, Forman was asked how TriumphPay expects to differentiate itself for those last percentage points. That's where the Triumph Financial setup comes into play. The publicly traded company (NASDAQ: TFIN) is essentially three parts: a bank that attracts deposits to create a capital base; a factoring division, which Show less Read more
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