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Corpay, Inc. - FLT STOCK NEWS

Welcome to our dedicated page for Corpay news (Ticker: FLT), a resource for investors and traders seeking the latest updates and insights on Corpay stock.

Corpay, Inc., a FLEETCOR Technologies company (NYSE: FLT), is a leading global provider of business payment solutions dedicated to helping companies of all sizes better manage, track, and pay their expenses. Corpay offers a comprehensive suite of online payment solutions, including Bill Payment, AP Automation, Cross-Border Payments, Currency Risk Management, and Commercial Card Programs. As the #1 B2B commercial Mastercard® issuer in North America, Corpay processes over a billion transactions each year, ensuring businesses gain complete control and visibility of all transactions while simultaneously reducing costs and maximizing efficiency.

With its recent partnership with Reveel, Corpay has expanded its capabilities by integrating advanced parcel spend management tools into its payment automation platform. This collaboration empowers businesses to streamline their financial operations, optimize costs, and make informed decisions with real-time data. The joint solution also offers cash rebates on most AP transactions, providing additional revenue opportunities for businesses.

Headquartered in Irvine, California, Corpay serves over 500,000 commercial accounts with millions of cardholders across the United States, Canada, Mexico, Europe, Africa, and Asia. The company has experienced significant growth, driven by its core principles of determination, outstanding value, industry-leading products, and a commitment to quality. Over the last decade, Corpay has grown more than 40%, maintaining its position as the world’s largest provider of commercial fleet card programs.

Corpay’s financial technology solutions are designed to consolidate card programs, manage expenses on-the-go, and automate payment workflows. This ensures businesses can mitigate the risk of payment fraud, manage their payment remittance information securely, and achieve compliance with a robust security infrastructure. Corpay’s innovative products and strategic partnerships continue to revolutionize the financial management landscape, providing businesses with the tools they need to succeed in a competitive market.

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Corpay1, a FLEETCOR® (NYSE: FLT) brand, announces the establishment of a new back-office support centre in Chennai, India, to support internal processes globally, marking a significant milestone in the company's global growth and commitment to serving internal stakeholders.
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Corpay1, a FLEETCOR brand (NYSE: FLT), announces the appointment of Andrew Shortreid, CFA as the new SVP Global Institutional Sales for Corpay's Cross-Border business. With over 20 years of experience in the investment management industry, Andrew will lead a team focused on advancing the company’s Cross-Border solutions sales efforts to institutional customers in the asset management and private equity sectors, along with financial services firms.
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Corpay1, a FLEETCOR brand (NYSE: FLT), has appointed Roy Farah as the new SVP Global Payments Solutions for its Cross-Border business. With over 23 years of experience in cross-border payments and currency risk management, Roy brings a wealth of expertise and knowledge to the company. His role will involve leading the development and commercialization of key integrated payment verticals across the Cross-Border business, aiming to build a world-class cross-border payments automation firm.
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FLEETCOR Technologies, Inc. (NYSE: FLT) to participate in investor conferences. The company will host fireside chats at the UBS Global Technology Conference on November 28, 2023, and at the Raymond James TMT and Consumer Conference on December 4, 2023. Investors can access the presentations on the company's investor relations website.
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Reveel + Corpay Partnership Revolutionizes Financial Management for Small Businesses
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FLEETCOR Technologies, Inc. (NYSE: FLT) reported strong Q3 2023 results, with 9% revenue growth to $970.9 million and 6% adjusted net income per share growth. The company completed the acquisition of the world's second largest mobile parking operator, driving organic revenue growth of 10%. EBITDA increased 13% to $528.9 million, and adjusted net income per diluted share increased 6% to $4.49. The company updated its fiscal year 2023 outlook, expecting approximately 10% and 11% growth in fourth quarter revenue and adjusted net income per share, respectively.
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FLEETCOR Technologies, Inc. has announced the acquisition of PayByPhone, a global provider of digital parking payment solutions. This acquisition expands FLEETCOR's vehicle payment solutions for fleet customers and consumers. PayByPhone has over 2 million active monthly consumers in the UK.
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Corpay1, a FLEETCOR brand, has launched Risk Visualizer, a solution designed to transform foreign exchange risk management. It helps business and financial managers monitor currency exposure and make well-informed hedging decisions. Risk Visualizer automates and streamlines the process of generating real-time analysis of potential FX risks and provides a list of risk management instruments. It is already being used by small and medium-sized enterprises in North America and Australia.
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Corpay has entered into an Official Marketing Partnership with Cirque du Soleil to provide currency risk management solutions. Cirque du Soleil will gain access to Corpay's innovative solutions to mitigate its foreign exchange exposure.
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FLEETCOR Technologies, Inc. will host a conference call to discuss Q3 2023 financial results on November 8, 2023. A press release with the results will be issued after the market close on the same day.
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FAQ

What is the market cap of Corpay (FLT)?

The market cap of Corpay (FLT) is approximately 21.8B.

What services does Corpay offer?

Corpay provides a comprehensive suite of payment solutions including Bill Payment, AP Automation, Cross-Border Payments, Currency Risk Management, and Commercial Card Programs.

How does Corpay help businesses manage expenses?

Corpay offers tools to track, manage, and pay expenses while providing complete control and visibility of transactions, reducing costs, and increasing efficiency.

What recent partnership has Corpay entered into?

Corpay partnered with Reveel to integrate advanced parcel spend management tools into its payment automation platform, helping businesses streamline financial operations.

Where is Corpay headquartered?

Corpay is headquartered in Irvine, California.

What is Corpay's standing in the commercial card market?

Corpay is the number-one B2B commercial Mastercard® issuer in North America.

How many commercial accounts does Corpay serve?

Corpay serves over 500,000 commercial accounts with millions of cardholders globally.

What are the core principles driving Corpay's success?

Corpay's success is driven by determination, outstanding value, industry-leading products, and a commitment to quality.

How has Corpay grown over the last decade?

Corpay has grown more than 40% over the last 10 years, maintaining its position as the world's largest provider of commercial fleet card programs.

What kind of payment solutions does Corpay specialize in?

Corpay specializes in intelligent payment automation, consolidating card programs, managing expenses on-the-go, and automating payment workflows.

How does Corpay ensure payment security and compliance?

Corpay mitigates the risk of payment fraud by enrolling suppliers, securely managing payment remittance information, and maintaining a robust security and compliance infrastructure.

Corpay, Inc.

NYSE:FLT

FLT Rankings

FLT Stock Data

21.79B
69.36M
1.56%
Software - Infrastructure
Technology
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United States
Atlanta