Triumph announces addition of Knight-Swift to its open payments network

TriumphPay (TFIN) announced the addition of Knight-Swift Transportation (KNX) 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, now with over 30 of the top 50 U.S. brokers as clients, creating a more secure hub for the presentment, audit and payment of invoices in the transportation industry. TriumphPay processes or interacts with more than 20% of all brokered transactions in the U.S., touching over $37 billion in transportation. “Partnering with Knight-Swift, one of the most diversified freight transportation companies, accelerates our ability to modernize the transportation industry with tech innovations for secure, timely payments,” said Aaron P. Graft, vice chairman chief executive officer of Triumph Financial, Inc (Nasdaq: TFIN). “Having one of the top U.S. brokers trust TriumphPay with their payments benefits all brokers, factors and carriers and the industry overall.”