Freight invoicing
Support real-time freight payments, helping carriers access cash faster for fuel, payroll and maintenance.
Problem:
After completing a delivery, a carrier issues a freight invoice. With current payment options, settlement often occurs through batch-based processing, delaying access to funds even after the work is done. This can strain cash flow needed for fuel, payroll and maintenance, forcing carriers to rely on credit or defer costs to keep trucks moving.
Solution:
With The Real-Time Rail, freight invoices can be paid in seconds and with finality. Funds are delivered with clear reference details, allowing carriers to confirm payment on the spot and access the cash needed to keep vehicles fueled, staffed and on the road.
What this unlocks for you:
Real-time freight payments keep transportation cash flow within your institution
Note: As the RTR matures, more payment types and fintechs are expected to introduce real-time capabilities. This use case library highlights potential near- and longer-term opportunities. At launch, most payments are expected to continue using batch processes.