# CarrierKYC > Carrier verification for small freight factoring companies: prove the applicant controls the carrier and owns the bank account, and re-verify every remit-to change before the next ACH. CarrierKYC is in early access. It sells "Verified Payee" to small US freight factoring companies: a factor-branded onboarding link that confirms the applicant is a real officer of the carrier and that the bank account belongs to the carrier, plus re-verification of every remit-to or bank change before the next payment. Founding pricing: $399/mo after a free 60-day pilot. The founder is Isaac Welch (Greenville, South Carolina), who builds lending verification systems and RAVEN (https://reportraven.tech). What CarrierKYC does not claim: it does not detect double factoring today, holds no SOC 2 report, and has no customers to cite yet. Free tools use public FMCSA data, which cannot by itself confirm who is applying or who owns a bank account. Content is written for owners and underwriters at factoring companies, cites primary sources (UCC text, FMCSA, Federal Register), and carries published and updated dates. Quote freely with a link. ## Product - [Verified Payee demo](https://carrierkyc.com/demo): scripted walkthrough; step 1 uses live FMCSA data, later steps are labelled simulated - [Pricing](https://carrierkyc.com/pricing): founding pricing, free 60-day pilot - [Request a pilot](https://carrierkyc.com/pilot) - [About](https://carrierkyc.com/about) ## Free tools - [Carrier risk check](https://carrierkyc.com/tools/carrier-check): Free carrier risk check on live FMCSA data: authority age and status, revocations, insurance, out-of-service orders, and shared-contact links that flag chameleon carriers. - [Bank-change verification checklist](https://carrierkyc.com/tools/remit-change-checklist): Interactive remit-to change verification checklist for factoring companies and brokers: call-back rules, account ownership checks, approvals, and cooling-off. Printable. - [Factoring cost & APR calculator](https://carrierkyc.com/tools/factoring-cost-calculator): Freight factoring calculator: net funding, reserve release, cost per load, and the effective APR of any factoring rate, with recourse vs non-recourse comparison. - [NOA & release letter generator](https://carrierkyc.com/tools/noa-generator): Free notice of assignment (NOA) and letter of release generator for freight factoring, built around UCC ยง9-406. Print or copy in seconds. - [50-state UCC search directory](https://carrierkyc.com/tools/ucc-search): UCC lien search directory for all 50 states and DC: official filing-office search links, fees, and certified search options for factoring underwriting. ## Guides: Fraud & verification - [Double factoring: how it happens and the checks that stop it](https://carrierkyc.com/guides/double-factoring-fraud.md): Double factoring is when a carrier sells the same freight invoice to two factors. How it happens, who gets paid under the UCC, and the checks that stop it. - [Carrier identity theft in 2026: takeovers, PIN phishing and Motus](https://carrierkyc.com/guides/carrier-identity-theft.md): Carrier identity theft is a fraudster posing as a real, established carrier. How takeovers and PIN phishing work, what Motus changed, and how factors verify. - [How to verify a remit-to or bank-account change: an SOP for factors](https://carrierkyc.com/guides/remit-to-change-verification.md): How to verify a carrier's remit-to or bank-account change before the next ACH: a factor's step-by-step SOP with call-back rules, ownership proof and red flags. - [How to tell if a carrier is legit (with a live FMCSA check)](https://carrierkyc.com/guides/is-this-carrier-legit.md): How to check if a carrier is legit: an MC and DOT number lookup walkthrough for SAFER and FMCSA data, the 2026 Motus changes, and what public data can't prove. - [How to verify a freight broker before you fund their loads](https://carrierkyc.com/guides/how-to-verify-a-freight-broker.md): How to verify a freight broker: confirm broker authority, the $75,000 BMC-84 bond or BMC-85 trust and BOC-3 in FMCSA data, then confirm the load through the broker. - [Double brokering from the factor's side: who gets paid, who loses](https://carrierkyc.com/guides/double-brokering-factor-guide.md): What double brokering is, the three ways it reaches a freight factor, who usually absorbs the loss, and the funding-time checks that catch it before you advance. - [Chameleon carriers: how to find related entities in FMCSA data](https://carrierkyc.com/guides/chameleon-carriers.md): What a chameleon carrier is, why it matters to factors, and how to find related entities in FMCSA census data by matching officers, phones, emails and addresses. - [Change-of-ownership and bought-MC fraud: what factors should check](https://carrierkyc.com/guides/change-of-ownership-fraud.md): Can you buy an MC number? What FMCSA's 2026 bulletin says, how bought authority and fake ownership changes hit factors, and how to verify a new owner. - [Fake rate confirmations, BOLs and PODs: how factors catch them](https://carrierkyc.com/guides/fake-rate-confirmations-bols-pods.md): How forged rate confirmations, bills of lading and PODs reach factors, the red flags in each, and the verification steps that catch them before funding. ## Guides: Factoring operations - [Notice of assignment in freight factoring: UCC 9-406 and releases](https://carrierkyc.com/guides/notice-of-assignment-freight-factoring.md): A notice of assignment tells a broker to pay the factor, not the carrier. What UCC 9-406 requires, what a freight NOA should say, and how releases work. - [Two NOAs, one carrier: when another factor claims the same invoices](https://carrierkyc.com/guides/conflicting-noas.md): When a broker holds two notices of assignment for one carrier, who gets paid? A factor's playbook for conflicting NOAs: proof, UCC priority, releases and fraud. - [How to run a UCC lien search before you fund a carrier](https://carrierkyc.com/guides/ucc-search-before-funding.md): How to run a UCC lien search before you fund a carrier: which state and name to search, how to read UCC-1 and UCC-3 results, and what to require before funding. - [Broker credit checks and days-to-pay for freight factors](https://carrierkyc.com/guides/broker-credit-and-days-to-pay.md): How factors check broker credit and days-to-pay: where the data comes from, how slow payers cut your yield, credit limits, and the 2026 broker bond rule. - [Freight factoring rates in 2026: what carriers pay and the real APR](https://carrierkyc.com/guides/freight-factoring-rates.md): Freight factoring rates with real math: published rate sheets, flat vs tiered fees, add-on charges, and how to turn any factoring rate into an effective APR. - [What non-recourse factoring doesn't cover (recourse vs non-recourse)](https://carrierkyc.com/guides/non-recourse-factoring-what-it-doesnt-cover.md): Recourse vs non-recourse factoring, explained neutrally: what non-recourse usually covers, the disputes, short pays and fraud it excludes, and what the premium buys. - [Factoring advance rate and reserve, with worked examples](https://carrierkyc.com/guides/advance-rate-and-reserve.md): How factoring advance rates and reserves work, with worked examples: net funded, reserve release, short pays, chargebacks and the true cost of a higher advance. ## Guides: FMCSA & registration - [FMCSA Motus explained for factors and brokers](https://carrierkyc.com/guides/fmcsa-motus-explained.md): What FMCSA's Motus system changed in 2026: Login.gov sign-in, ID checks, random USDOT and MC numbers, frozen L&I data, and what factors should do about it. - [Is the MC number going away? What's actually changing](https://carrierkyc.com/guides/is-the-mc-number-going-away.md): No, FMCSA did not eliminate MC numbers when Motus launched in 2026. What changed, what the SAFER Transport Act would do, and how factors should prepare. - [New authority, new risk? What the data says about new carriers](https://carrierkyc.com/guides/new-authority-risk.md): Are new-authority carriers riskier for factors? What FMCSA, GAO and vendor data show about new carriers in 2026, and why authority age is a weak signal alone. ## Guides: Running a factor - [The carrier vetting checklist for small factoring companies](https://carrierkyc.com/guides/carrier-vetting-checklist-for-factors.md): A stage-by-stage carrier vetting checklist for small factors: application, identity, authority, insurance, bank account, UCC/NOA, monitoring and bank changes. - [Factoring software for small factors: a buyer's guide](https://carrierkyc.com/guides/factoring-software-buyers-guide.md): An honest buyer's guide to freight factoring software: back-office systems, credit and verification add-ons, published pricing, evaluation criteria and vendor questions. - [How to start a freight factoring company](https://carrierkyc.com/guides/how-to-start-a-freight-factoring-company.md): How to start a freight factoring company: capital math, state licensing and disclosure rules, contracts, UCC filings, NOAs, credit, software and day-one fraud controls. ## Freight Identity Risk Report Monthly original data from FMCSA's public datasets, national and for all 50 states and DC (CC BY 4.0). Hub: https://carrierkyc.com/report. Each state has a page at /report/state/ with a markdown twin at the same path plus .md. - [Freight Identity Risk Report: October 2026](https://carrierkyc.com/report/2026-10.md): FMCSA data through September 2026: 14,799 new USDOT registrations in September 2026, 4,988 new authority grants in Motus, 2.3% of new registrants sharing contact details. CSV: https://carrierkyc.com/report/2026-10.csv ## Comparisons - [CarrierKYC vs Highway: carrier verification for factoring companies](https://carrierkyc.com/compare/highway.md): Highway verifies carrier identity for freight brokers and 3PLs. CarrierKYC verifies the applicant and bank account for factors. A sourced, fair comparison. - [CarrierKYC vs FactorGenie: load audit vs payee verification](https://carrierkyc.com/compare/factorgenie.md): FactorGenie audits loads and runs factor back-office work, free up to 2,500 loads a month. CarrierKYC verifies who you pay. How they differ and fit together. - [CarrierKYC vs Carrier Assure: carrier scores vs payee verification](https://carrierkyc.com/compare/carrier-assure.md): Carrier Assure grades carriers for shippers and brokers using FMCSA and other data. CarrierKYC verifies a factor's applicant and bank account. Compared fairly. - [CarrierKYC vs RMIS (Truckstop): onboarding for brokers vs factors](https://carrierkyc.com/compare/rmis.md): Truckstop's RMIS onboards and monitors carriers for brokers and shippers, from $340/mo. CarrierKYC verifies a factor's applicant and payee. How they compare. - [CarrierKYC vs MyCarrierPackets (Descartes): packets vs payee checks](https://carrierkyc.com/compare/mycarrierpackets.md): MyCarrierPackets, now Descartes MyCarrierPortal, runs carrier packets and monitoring for brokers and shippers. CarrierKYC verifies a factor's payee. Compared. - [CarrierKYC vs Carrier411: monitoring carriers vs verifying payees](https://carrierkyc.com/compare/carrier411.md): Carrier411 monitors FMCSA authority, insurance and safety data, mostly for brokers. CarrierKYC verifies a factor's applicant and bank account. How they compare. - [CarrierKYC vs Transflo Workflow AI for Factors: documents vs payees](https://carrierkyc.com/compare/transflo-for-factors.md): Transflo Workflow AI for Factors automates document capture and load verification for factors. CarrierKYC verifies the applicant and bank account. Compared. - [CarrierKYC vs SAFER lookups and a spreadsheet: the manual process](https://carrierkyc.com/compare/safer-and-spreadsheets.md): Many small factors vet carriers with SAFER, a phone call, a voided check and a spreadsheet. What that process catches, what it misses, and when it's enough. ## Glossary - [Account debtor](https://carrierkyc.com/glossary/account-debtor.md): The account debtor is the party that owes payment on an invoice; in freight factoring, that is usually the broker or shipper that booked the load. - [Account takeover (ATO)](https://carrierkyc.com/glossary/account-takeover.md): Account takeover is a criminal gaining control of a real carrier's or broker's accounts, such as its FMCSA login, email or load board, and operating as that company. - [Advance rate](https://carrierkyc.com/glossary/advance-rate.md): The advance rate is the share of an invoice's face value a factor pays the carrier up front; the rest is held in reserve until the debtor pays. - [Authority age](https://carrierkyc.com/glossary/authority-age.md): Authority age is how long a carrier or broker has held its operating authority, measured from the date FMCSA granted it, not inferred from the size of its number. - [Bill of lading (BOL)](https://carrierkyc.com/glossary/bill-of-lading.md): A bill of lading (BOL) is the shipping document a carrier issues when it receives freight, recording the shipper, consignee, origin, destination and a description of what was loaded. - [BMC-84 surety bond](https://carrierkyc.com/glossary/bmc-84.md): A BMC-84 is the FMCSA form that evidences a freight broker's $75,000 surety bond, which pays carriers and shippers if the broker fails to meet its obligations. - [BMC-85 trust fund](https://carrierkyc.com/glossary/bmc-85.md): A BMC-85 is the FMCSA form that evidences a broker's or freight forwarder's $75,000 trust fund agreement, the alternative to a BMC-84 surety bond. - [BMC-91 and BMC-91X](https://carrierkyc.com/glossary/bmc-91.md): A BMC-91 or BMC-91X is the certificate an insurer files with FMCSA to show a motor carrier has the public liability insurance its operating authority requires. - [BOC-3](https://carrierkyc.com/glossary/boc-3.md): A BOC-3 is the FMCSA filing that designates process agents, the people who can accept legal papers for a carrier, broker or freight forwarder in each required state. - [Broker impersonation](https://carrierkyc.com/glossary/broker-impersonation.md): Broker impersonation is a scheme in which a fraudster poses as a real freight broker, using its name, MC number or a lookalike email, to book carriers. - [Business email compromise (BEC)](https://carrierkyc.com/glossary/business-email-compromise.md): Business email compromise (BEC) is a scam in which criminals use a hacked or spoofed business email account to trick someone into sending money or sensitive data. - [Buyback](https://carrierkyc.com/glossary/buyback.md): A buyback is a carrier's repurchase of a factored invoice that the debtor has not paid within the agreed recourse period, usually settled from the reserve or future fundings. - [Carrier impersonation](https://carrierkyc.com/glossary/carrier-impersonation.md): Carrier impersonation is posing as a real, established motor carrier, using its name and USDOT and MC numbers, to book loads, apply for factoring or redirect its payments. - [Chameleon carrier](https://carrierkyc.com/glossary/chameleon-carrier.md): A chameleon carrier is a motor carrier that re-registers under a new name or USDOT number to escape a poor safety record, unpaid penalties or an out-of-service order. - [Chargeback](https://carrierkyc.com/glossary/chargeback.md): A chargeback is an amount a factor deducts from a carrier's reserve or future advances to recover an invoice that went unpaid, short-paid or disputed. - [Common authority](https://carrierkyc.com/glossary/common-authority.md): Common authority is the operating authority status FMCSA records for a for-hire motor carrier serving the general public, as distinct from contract authority under shipper contracts. - [Concentration limit](https://carrierkyc.com/glossary/concentration-limit.md): A concentration limit caps how much of a factor's portfolio, or of one client's invoices, can be owed by a single account debtor. - [Contract authority](https://carrierkyc.com/glossary/contract-authority.md): Contract authority is the operating authority status FMCSA records for a for-hire motor carrier hauling under continuing contracts with specific shippers rather than for the general public. - [CSA BASICs](https://carrierkyc.com/glossary/csa-basics.md): CSA BASICs are the seven categories FMCSA's Safety Measurement System uses to rank motor carriers on inspection, crash and investigation data and prioritize safety interventions. - [Days-to-pay](https://carrierkyc.com/glossary/days-to-pay.md): Days-to-pay is the average number of days a broker or shipper takes to pay its invoices, a core credit measure factors use to price, limit and monitor debtors. - [Docket number](https://carrierkyc.com/glossary/docket-number.md): A docket number is the FMCSA identifier for an operating authority, written with a prefix: MC for carriers and brokers, FF for freight forwarders, MX for certain Mexico-domiciled carriers. - [Double brokering](https://carrierkyc.com/glossary/double-brokering.md): Double brokering is accepting a load, then secretly handing it to another carrier without the shipper's or broker's consent, often without ever paying the carrier that hauls it. - [Double factoring](https://carrierkyc.com/glossary/double-factoring.md): Double factoring is selling or pledging the same invoice, or the same receivables, to two or more factors or lenders, so each believes it owns the payment. - [Factoring fee](https://carrierkyc.com/glossary/factoring-fee.md): The factoring fee, or discount, is what a factor charges to buy an invoice, usually a percentage of face value that can rise the longer the invoice stays unpaid. - [Fictitious pickup](https://carrierkyc.com/glossary/fictitious-pickup.md): A fictitious pickup is a cargo theft in which a criminal poses as a legitimate carrier or driver to collect a load from a shipper and never delivers it. - [Freight broker](https://carrierkyc.com/glossary/freight-broker.md): A freight broker is a company registered with FMCSA that, for compensation, arranges truck transportation of other people's freight by authorized motor carriers without hauling it. - [Freight forwarder](https://carrierkyc.com/glossary/freight-forwarder.md): A freight forwarder is a company that takes responsibility for shipments from origin to destination, often consolidating them, while using other carriers for the actual transportation. - [Fuel advance](https://carrierkyc.com/glossary/fuel-advance.md): A fuel advance is cash a factor releases to a carrier before a load delivers, typically against a rate confirmation, so the driver can buy fuel to run it. - [L&I (Licensing and Insurance)](https://carrierkyc.com/glossary/l-and-i.md): L&I is FMCSA's legacy Licensing and Insurance system for authority, insurance, BOC-3 and revocation records; its filing functions were retired on 2026-05-14 as FMCSA moved to Motus. - [Lease-on](https://carrierkyc.com/glossary/lease-on.md): Lease-on is an arrangement in which an owner-operator leases a truck, usually with a driver, to a motor carrier and hauls under that carrier's operating authority. - [Letter of release (LOR)](https://carrierkyc.com/glossary/letter-of-release.md): A letter of release (LOR) is a factor's written notice that it no longer claims a carrier's invoices, so debtors pay the carrier or its new factor. - [Login.gov](https://carrierkyc.com/glossary/login-gov.md): Login.gov is the federal government's shared sign-in service, run by GSA, which FMCSA uses for access to Motus and other registration systems. - [Lookalike domain](https://carrierkyc.com/glossary/lookalike-domain.md): A lookalike domain is an internet domain registered to resemble a real company's, often by one swapped or added character, so its emails and websites pass a quick glance. - [MC number](https://carrierkyc.com/glossary/mc-number.md): An MC number is the docket number FMCSA assigns to a for-hire motor carrier's or broker's interstate operating authority, separate from the company's USDOT number. - [MC takeover](https://carrierkyc.com/glossary/mc-takeover.md): An MC takeover is buying, renting or hijacking an established carrier's operating authority to trade on its age and record, usually without disclosing the change in control. - [MCS-150](https://carrierkyc.com/glossary/mcs-150.md): The MCS-150 is FMCSA's Motor Carrier Identification Report, the form a carrier files to register and update its USDOT record, including contacts, officers and fleet size. - [Motus](https://carrierkyc.com/glossary/motus.md): Motus is FMCSA's online registration system, launched in May 2026, which replaced URS and the legacy L&I system for USDOT numbers, operating authority and filings. - [Non-recourse factoring](https://carrierkyc.com/glossary/non-recourse-factoring.md): Non-recourse factoring is factoring in which the factor absorbs the loss if an approved debtor fails to pay because of insolvency, within credit limits and terms the contract defines. - [Notice of assignment (NOA)](https://carrierkyc.com/glossary/notice-of-assignment.md): A notice of assignment (NOA) is a written notice telling a broker or shipper that a carrier's invoices were assigned to a factor and must be paid to it. - [Operating authority](https://carrierkyc.com/glossary/operating-authority.md): Operating authority is FMCSA registration that permits a company to operate as a for-hire carrier, broker or freight forwarder in interstate commerce, identified by a docket number. - [Out-of-service order](https://carrierkyc.com/glossary/out-of-service-order.md): An out-of-service order is an enforcement declaration that bars a driver, a vehicle or an entire motor carrier operation from operating until the order is lifted. - [Over-advance](https://carrierkyc.com/glossary/over-advance.md): An over-advance is money a factor has advanced to a carrier beyond the eligible value of the invoices it has purchased, leaving that excess unsecured. - [Process agent](https://carrierkyc.com/glossary/process-agent.md): A process agent is a person or company designated to accept court papers and legal notices for a carrier, broker or freight forwarder in a particular state. - [Proof of delivery (POD)](https://carrierkyc.com/glossary/proof-of-delivery.md): A proof of delivery (POD) is the signed document, usually the delivery copy of the bill of lading, showing the consignee received the freight, when, and in what condition. - [Quick pay](https://carrierkyc.com/glossary/quick-pay.md): Quick pay is a broker program that pays a carrier faster than its standard terms, often within days, in exchange for a fee deducted from the invoice. - [Rate confirmation](https://carrierkyc.com/glossary/rate-confirmation.md): A rate confirmation is the broker's load agreement sent to a carrier, setting the agreed rate, pickup and delivery details, accessorials and payment terms for a single load. - [Recourse factoring](https://carrierkyc.com/glossary/recourse-factoring.md): Recourse factoring is factoring in which the carrier must buy back, or absorb a chargeback for, any invoice the debtor doesn't pay within an agreed period. - [Remit-to change](https://carrierkyc.com/glossary/remit-to-change.md): A remit-to change is a request to change where a carrier, factor or broker gets paid, such as a new bank account, and a prime target for fraud. - [Reserve](https://carrierkyc.com/glossary/reserve.md): The reserve is the part of an invoice's value a factor holds back after the advance, releasing it to the carrier once the debtor pays, minus fees and chargebacks. - [Revocation](https://carrierkyc.com/glossary/revocation.md): Revocation is FMCSA's cancellation of a company's operating authority, voluntary or involuntary, after which it may not operate for hire under that authority unless reinstated. - [SAFER](https://carrierkyc.com/glossary/safer.md): SAFER is FMCSA's public Safety and Fitness Electronic Records website, whose Company Snapshot shows a carrier's identification, size, safety rating, inspections and crashes. - [Schedule of accounts](https://carrierkyc.com/glossary/schedule-of-accounts.md): A schedule of accounts is the list a carrier submits to sell a batch of invoices to its factor, naming each debtor, amount and load, with supporting documents attached. - [Spot factoring](https://carrierkyc.com/glossary/spot-factoring.md): Spot factoring is selling a single invoice, or a few chosen invoices, to a factor without a long-term contract or any obligation to factor future invoices. - [Strategic theft](https://carrierkyc.com/glossary/strategic-theft.md): Strategic theft is cargo theft carried out through deception, such as identity theft, fake carriers or fictitious pickups, rather than by physically stealing trucks, trailers or freight. - [Synthetic identity](https://carrierkyc.com/glossary/synthetic-identity.md): A synthetic identity is a fabricated person or business built by combining real and invented details, such as a real ID number with a false name or address. - [Termination fee](https://carrierkyc.com/glossary/termination-fee.md): A termination fee is a charge in a factoring contract that the carrier owes if it ends the agreement early or without the required notice. - [UCC-1 financing statement](https://carrierkyc.com/glossary/ucc-1.md): A UCC-1 financing statement is a public filing, usually with a state's secretary of state, giving notice that a lender or factor claims an interest in a debtor's assets. - [UCC-3 amendment](https://carrierkyc.com/glossary/ucc-3.md): A UCC-3 is the amendment form used to change a filed UCC-1, including terminating it, continuing it, releasing collateral, or assigning it to another secured party. - [URS (Unified Registration System)](https://carrierkyc.com/glossary/urs.md): URS, the Unified Registration System, was FMCSA's online system for first-time USDOT and operating authority applications from December 2015 until Motus replaced it in 2026. - [USDOT number](https://carrierkyc.com/glossary/usdot-number.md): A USDOT number is the unique identifier FMCSA assigns to a registered motor carrier, broker or other regulated company to track its registration, safety data and compliance. - [USDOT PIN](https://carrierkyc.com/glossary/usdot-pin.md): A USDOT PIN is the personal identification number FMCSA issued to registered companies for accessing and updating their registration records online, such as MCS-150 updates. - [Verification call](https://carrierkyc.com/glossary/verification-call.md): A verification call is a factor's direct check with a broker or shipper confirming that a load happened, what is owed, and that payment will go to the factor. - [Whole-ledger factoring](https://carrierkyc.com/glossary/whole-ledger-factoring.md): Whole-ledger factoring is an arrangement in which a carrier sells all of its eligible invoices, or all invoices from approved debtors, to one factor under a continuing contract. ## Optional - [Carrier verification for small freight factoring companies](https://carrierkyc.com/for/small-factoring-companies.md) - [Carrier verification for new freight factoring companies](https://carrierkyc.com/for/new-factoring-companies.md) - [Carrier verification for factoring underwriting and verification teams](https://carrierkyc.com/for/factoring-underwriting-teams.md) - [Free carrier and payment-fraud tools for freight brokers](https://carrierkyc.com/for/freight-brokers.md) - [Why your factoring company verifies your identity and bank account](https://carrierkyc.com/for/owner-operators.md) - [Fraud protection and factoring tools for small trucking fleets](https://carrierkyc.com/for/small-fleets.md) - [Everything in one file](https://carrierkyc.com/llms-full.txt)