Technology news and briefs for the week of July 9, 2023:
TriumphPay integrates with Trax Technologies
Transportation spend management platform Trax Technologies has formed a partnership with TriumphPay to allow Trax’s global freight audit solution to integrate with TriumphPay’s payments network for freight brokers, factors, shippers and carriers in the North American trucking industry.
The partnership is part of a minority equity investment by TBK Bank, SSB d/b/a TriumphPay into Trax, which provides software and services that help global shippers better manage the costs and emissions of their logistics networks.
Once the technical integration is complete, all payments made by Trax will be made via the TriumphPay network, providing automated payments, fraud protection, funds security and flexibility in the timing of payments for shippers and carriers across its Fortune 1000 customer base.
NMFTA to host cybersecurity conference
The National Motor Freight Traffic Association (NMFTA) is set to host its annual Digital Solutions Conference October 22-25 in Houston, Texas. The event aims to educate anyone serving the LTL trucking industry about cyber threats as the industry moves toward digitization.
Major topics to be covered at this year’s conference include a review of the cyberthreat landscape facing the trucking industry; current tools and strategies for preventing truck hacking; explaining the IoT (Internet of Things) and how it can leave you vulnerable; how to build a culture of cybersecurity at your company; best practices in API security; exercises to test your company’s preparedness; understanding IT security and OT security; threats from the most basic of sources: email; and securing the right level of cybersecurity insurance to match your need and risk.
The event will kick off with a live truck-hacking demonstration. It includes a multitude of speakers, including cybersecurity experts from the FBI, the Cybersecurity and Infrastructure Security Agency, Microsoft, Peninsula Truck Lines and more. In addition, the United States Secret Service will make a presentation on cyber assets and cybercrime trends.
Digital River expands global logistics capabilities
Digital River, a global ecommerce enabler directly connecting brands and buyers, has expanded its global logistics capabilities, enabling its customers to get into new markets in as few as six weeks, giving them access to ship to over 240 markets worldwide.
With cross-border ecommerce sales expected to reach nearly $8 trillion by 2031 – up from $758 billion in 2021 – there is an enormous opportunity for brands to capitalize on an increase of online shoppers.
By integrating with Digital River, brands get increased efficiencies, greater flexibility and streamlined brand and shopper experiences. Digital River’s global logistics network gives brands access to streamlined cross-border and local shipping with low-cost shipping and return rates; flexibility to complement existing brand logistics networks; simplified product classification; and seamless customs clearance. This adds to Digital River’s cross-border services, which include merchant of record services (payments, taxes, fraud and compliance); guaranteed landed cost calculations; catalog pricing localization; scalable and dynamic integrations with leading ecommerce platforms such as Adobe and Salesforce; enhanced APIs and webhooks for customer notifications and service; and payment optimization.