Truckstop.com Acquires D&S Factors
Truckstop.com is excited to announce the acquisition of D&S Factors! Located in Fruitland, Idaho, D&S is a factoring service for the transportation industry. The acquisition allows Truckstop.com to offer a full suite of payment services to carriers and positions Truckstop.com as an industry leader in the transportation payments area.
With the acquisition, Roy Banks has joined the Truckstop.com team to serve as President of D&S Factors and LoadPay, Truckstop’s seamless payment platform for both carriers and brokers. Roy has over 20 years of public and private company leadership and management experience in mergers and acquisitions, strategic planning, direct sales, channel sales, marketing, finance, product development, manufacturing, and distribution of products and services.
“We are thrilled that Roy Banks is joining the Truckstop.com team! Bringing someone with the industry experience that Roy offers is a huge victory for our customers,” said Paris Cole, CEO of Truckstop.com. “We want to continue delivering the best technology solutions for our customers, and Roy will help us do that. With his leadership skills, we’ll keep finding ways to increase efficiencies and reduce costs for each stakeholder in the transportation industry.”
Roy enjoys working with private equity groups and helping growth-oriented companies build value in the marketplace. His extensive executive experience includes financial and high-tech SaaS, eCommerce, payment processing, and ISV software industries. Of special note, he pioneered internet payment processing products and services as President of Authorize.Net. He also served as CEO of Accelerated Payment Technologies which provides integrated payment technology to hundreds of independent software vendors. He most recently served as CEO of NMI, a leading provider of payment-enablement technologies for VARs, ISVs, and ISOs.
“There’s a tremendous opportunity to simplify and bring payment efficiencies to the transportation industry, and with my deep payment processing industry experience, I’m excited to guide, lead, and grow both LoadPay into the leading transportation payments solution,” said Banks. “I can’t wait to get started.”
Roy will leverage his extensive skill-set to grow Truckstop.com’s payments initiative into a leading payment solution for the transportation industry. He has been serving on the Truckstop.com board and will continue to serve in that capacity along with his role as President.
Learn more about D&S Factors.
Read the official press release.