MercuryGate Integrates with LoadPay Secured Freight Payment Solution
MercuryGate International, Inc., a global provider of cloud-based transportation management solutions, today announced the integration of LoadPay, a secure payment platform powered by Truckstop. LoadPay enables third party logistics providers (3PLs), brokers and shippers to schedule automated payments to carriers while offering the option of PayMeNow™, a quick payment solution for carriers who elect to receive funds more rapidly.
MercuryGate TMS continues to be at the forefront of providing comprehensive and best-in-class solutions to its customers. LoadPay solves common industry pain points and is positioned to become the industry standard for providing payments quickly, securely and efficiently to all parties within the transportation industry.
“MercuryGate strives to be an enabler of success for all parties within the supply chain. Carriers often struggle with cash flow issues due to the inefficiencies of the historic industry payment model. Brokers, 3PLs, and shippers need a turnkey and secure solution to pay carriers and reduce fraud risk. LoadPay solves these universal issues,” said Monica Wooden, MercuryGate Co-Founder & Chief Executive Officer. “In addition to reducing payment risk, the integration of LoadPay will enable our customers to receive the benefits of the PayMeNow™ savings and having the ability for quick pay.”
LoadPay will be seamlessly integrated within MercuryGate to provide customers with a unique payment option which will save time and money for each company involved. Customers will be able to schedule and automate payments from within the TMS to easily facilitate all invoices and accounts payables. Communication between transportation partners will also greatly improve, as carriers will have real-time visibility to their cash flow through a simple, yet powerful mobile app.
“We are very excited to partner with MercuryGate as they are a market leader and a best-in-class solution provider within transportation management,” said Farid Zaffar, LoadPay General Manager. “LoadPay resolves numerous, long-standing, industry challenges, and will revolutionize the payment process within the transportation industry. The partnership between Truckstop and MercuryGate will be a major catalyst to that end.”
MercuryGate is the largest best of breed, global transportation management solution provider deployed on the cloud. The company provides a highly scalable platform that supports all modes of transportation (Parcel, LTL, Truckload, Air, Ocean, Rail, Intermodal) allowing companies to centrally manage transportation across divisions and business units with control tower visibility. MercuryGate’s solutions enable shippers, carriers, brokers, freight forwarders and third party logistics providers to procure, plan, optimize, execute and settle freight movements. For more information, visit MercuryGate.com.
LoadPay is a product of Truckstop, which is one of the largest marketplaces for online freight matching and industry data. LoadPay was created to help carriers improve their cash flow and gain visibility into their upcoming payments. In addition, it provides a secured payment platform for all parties to conduct business without concern of fraud.
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