Fraud risk is something every factor must deal with, particularly those that work within the trucking industry. Using a cautionary true tale of factoring fraud, Spencer Mitchell of TruckerCloud explains how technology can help protect against even the most advanced schemes.

FreightWaves covered the latest developments at TruckerCloud, including investment capital, a new CEO, and Instant Carrier Onboarding functionality.

With TruckerCloud’s new, patent-pending technology, carriers can be onboarded instantly. It’s so fast that shippers, brokers and 3PLs can use TruckerCloud’s freight visibility for the spot market, so 100% of their loads can be tracked. Factors can also confirm pickup and dropoff locations of all trucks prior to purchasing invoices.