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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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AC Milan announces partnership with Corpay1 as the Official Commercial Foreign Exchange Partner
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Corpay1 launches Payments GPS, a proprietary tracking technology for cross-border payments, providing real-time status updates and transparency.
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Corpay1 partners with Aston Villa FC as their Official Commercial Foreign Exchange (FX) Partner
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FLEETCOR Technologies, Inc. (NYSE: FLT) announced the sale of its Russia business to a local investment group, divesting all operations in Russia. The company also launched a $450 million Accelerated Share Repurchase (ASR) program with Bank of America, N.A. to repurchase shares of common stock. Approximately 80% of the shares expected to be repurchased will be received by FLEETCOR on August 21, 2023, with the total number of shares ultimately repurchased to be determined upon final settlement. The ASR is anticipated to be completed by the end of the third quarter of 2023.
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FLT: FLEETCOR Technologies, Inc. announces appointment of Gerald Throop to its Board of Directors and retirement of long-tenured director, Mike Buckman. Throop brings extensive financial services experience and is the third new Director appointed this year as part of FLEETCOR’s Board refreshment initiative.
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Corpay1, a FLEETCOR brand, has launched Netting Manager, a solution that streamlines the settlement process of internal invoices for corporations with global subsidiaries. Netting Manager simplifies intercompany netting, reducing costs and improving efficiency for businesses. It also provides visibility into consolidated foreign exchange exposures. The solution is easy to use and integrates with core accounting systems.
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FLEETCOR Technologies, Inc. (NYSE: FLT) announced a conference call to discuss second quarter 2023 financial results on August 8, 2023. The call will be hosted by CEO Ron Clarke, CFO Tom Panther, and investor relations head Jim Eglseder. A press release with financial results will be issued after the market close. The call will be webcast live and accessible via phone, with a replay available until August 15, 2023.
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FLEETCOR Technologies, Inc. has received a court order in the FTC marketing practices and disclosure case. The order limits injunctive relief to FLEETCOR's fuel card business in the US and requires the implementation of disclosure practices. FLEETCOR intends to comply and believes the order will not materially affect its financial performance.
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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