Transfix Shield is a suite of fraud-prevention tools designed for shippers, carriers, and brokers. Transfix Shield includes RateCon Shield and Facility Shield, now available to all freight brokerages and shippers. The tools are designed to help users protect their business, as well as those of their carrier partners, and ultimately the consumer, from the impacts of freight fraud.
The RateCon Shield (patent-pending) pilot combats the growing issue of bad actors impersonating legitimate freight brokers. These fraudsters pose as a legitimate broker, assuming that broker's identity, and offer loads to carriers. After the carrier accepts and delivers the load, they contact the unknowing legitimate broker for payment, but the fraudster has disappeared and the carrier goes unpaid. In an already challenging freight market, these fraudulent attacks can cripple a carrier's business.
To combat this, RateCon Shield automates the addition of a unique QR code to rate confirmation documents, empowering carriers to validate the authenticity of loads and the brokers offering them, adding a critical layer of security to a brokerage's operation and the carriers' business. After observing noteworthy interest and engagement by its partners, Transfix moved to make this proprietary solution available to all brokerages in an effort to combat fraudulent actors attacking and impersonating legitimate intermediaries.
Facility Shield, which is in beta testing and soon to be available to shippers, provides fraud prevention capabilities at the facility level. The tool is designed to help shippers protect their facility and associated loads through proprietary validation systems and processes that give shippers a new layer of security to verify carriers before they enter a facility, helping to mitigate theft.
RateCon Shield and Facility Shield can integrate via API connection, are designed for a flexible and fast onboarding experience, and do not require users, whether carriers or facility employees, to download any additional applications.
Transfix
New York, NY
(646) 844-2200
Transfix.io
