Payments Industry News

Transportation

Payment Innovation

Collaboration Between Transcard, Mastercard and DLT Labs is Driving New Efficiencies in Freight Processing

February 23, 2023

Transcard

Freight processing is plagued by invoice disputes, slow cash flow, and conflicts between parties. The root of the problems in freight processing is that shippers, brokers, carriers, and other parties in the freight ecosystem are sitting on a mountain of information that they cannot use. FreightX – a collaboration between Transcard, Mastercard and DLT Labs – is changing all that. FreightX is an industry-first solution that allows all the parties involved in freight processing to share information via a secure digital ledger. The solution was designed for any shipper, broker, or carrier in over-the-road haulage in the United States. Over time, FreightX will be available worldwide. Read More

General

Community

Transcard Builds Foundation for UK and EMEA Expansion with New London Office

January 18, 2023

Transcard

PRESS RELEASE: LONDON January 18, 2023 Transcard, a global leader in payments technology, today announced that it opened a London office in Mayfair as the foundation for its expansion in the UK and Europe. Transcard opened the new office after achieving tremendous growth over the past several years, with a current headcount of more than 100 employees in the United States and more than 170 employees worldwide. The company has seen rapidly increasing demand for its suite of embedded payment and finance solutions, particularly from the insurance, freight and logistics, and banking sectors. We help banks, businesses, and Fintechs modernize their payment tech stacks with solutions for accounts payable, accounts receivable, account-to-account (A2A) transactions, and supply chain financing. Our cloud-native payment platform seamlessly connects with any accounting software, ERP application or system of record as well as bank APIs and card payment gateways. Read More

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