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SOFTWARE AND TECHNOLOGY, SUPPLY CHAIN

Relay Payments Optimizes Schneider’s Billing Accuracy and Fraud Prevention

Relay Payments | January 19, 2023 | Read time : 02:28 min

Fintech firm, Relay Payments, primarily providing payment solutions to the supply chain, logistics and trucking sectors, recently announced the testing of its lumper payment solution by Schneider. The pilot testing program undertaken by Schneider, a multimodal transportation, intermodal and logistics provider, earlier this year resulted in immediate advantages including billing accuracy, fraud detection and driver benefits. As a result, Schneider will now implement Relay’s payment solution for its entire fleet of 12,000+ drivers and 10,000+ power units.

Relay’s solution has already shown improvements for Schneider’s customer service and operations teams. Drivers started paying directly from their cabs the warehouse fees, reducing time authorizing cash payments or fleet checks from their phones. This contactless, digital payment process saved significant time for every delivery, while the finance team received instant e-receipts resulting in improved customer billing and guaranteed reimbursements.

Ryan Droege, Co-founder and CEO at Relay, said, "Relay Payments is rapidly growing, but we remain laser focused on developing products that solve real problems our customers face every day.” He further added, "Schneider is a known innovator that sets the tone for best practices, so working with them is a huge step toward digitally transforming the logistics industry. We couldn't be more excited to partner with them."

(Source: CISION)

Relay’s payment solutions are used by more than 300,000 carriers and drivers today, including businesses throughout logistics, transportation supply chain. From large carriers like Schneider to truck stops, warehouses and freight brokers use Relay for easier over-the-road expense payments.

About Relay Payments

Founded in 2019, Relay Payments, a venture-backed fintech firm, provides instant digital payments through Relay to replace the extended payment authorization process, which frequently caused delays in cargo unloading and other issues including missing receipts and fraudToday, the company collaborates with the biggest carriers, freight brokers, and 3PLs in North America as well as smaller fleets and independent owner operators to automate over-the-road payments and guarantee that goods reach store shelves as soon as possible.

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