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.
FLEETCOR Technologies (NYSE: FLT) has announced a conference call to discuss its first-quarter financial results on May 3, 2023, at 5:30 PM ET. The call will feature CEO Ron Clarke, Interim CFO Alissa Vickery, and Investor Relations representative Jim Eglseder. A press release detailing the financial results will be issued after the market closes on the same day.
The call will be accessible via the company's investor relations website or by phone at (833) 816-1384 for domestic and (412) 317-0477 for international callers. A replay will be available one hour post-call until May 10, 2023, using conference ID 10178259.
FLEETCOR is a global business payments firm operating in over 165 countries, providing solutions to help businesses manage and control their spending.
Corpay, a FLEETCOR brand (NYSE: FLT), has entered into a partnership with Rugby Australia to become their official Foreign Exchange Payments Partner. This agreement includes sponsorship of the Men's Wallabies and Women's Wallaroos teams, enhancing Corpay's presence in Australia as they support these teams in upcoming competitions, including the World Cup.
Through this partnership, Rugby Australia and its business partners will gain access to Corpay's innovative foreign exchange solutions, which help mitigate currency risks. Corpay aims to leverage this collaboration to bolster its brand in the competitive sports and business landscape.
FLEETCOR Technologies, Inc. (NYSE: FLT) has appointed Tom Panther as its new Chief Financial Officer, effective May 12, 2023. Panther brings extensive experience in public company financial management, having served as CFO at EVO Payments, Inc., where he played a key role in revenue growth and margin expansion. Prior to EVO, he held various leadership positions at SunTrust Banks for nearly 20 years. Interim CFO Alissa Vickery will resume her role as Chief Accounting Officer after supporting the finance organization for six months. This leadership change is expected to strengthen FLEETCOR's financial strategies and operational effectiveness.
Corpay, a brand under FLEETCOR (NYSE: FLT), has announced a partnership with Phonexa to enhance global commission payments for performance marketers. This alliance will integrate Corpay’s Cross-Border payment solutions into Phonexa’s Books360 accounting platform, allowing users to pay commissions in both US dollars and local currencies, significantly streamlining the payment process. Previously, affiliates faced currency conversion issues and fees. With the new system, payments can be delivered to over 200 countries in more than 145 currencies, simplifying operations for affiliate marketing organizations. Corpay and Phonexa aim to improve user experience and operational efficiency.
Corpay, a brand under Fleetcor (NYSE: FLT), has partnered with Real Betis Balompié to become their official Foreign Exchange (FX) Payments Provider. This collaboration aims to enhance Corpay's presence in Spain and Europe, supporting Real Betis in managing foreign exchange risks and global payments efficiently. The partnership allows Real Betis and its corporate partners to access Corpay's innovative solutions, streamlining their financial operations. Both parties expressed excitement over the partnership, looking forward to mutual growth and success across sports ventures, including soccer and basketball.
FLEETCOR Technologies, Inc. (NYSE: FLT) has announced its participation in several investor conferences in early 2023. Notably, the company will host fireside chats at:
- February 28, 2023: KBW Fintech Payments Conference at 2:10 PM ET
- March 3, 2023: Evercore ISI Payments & Fintech Innovators Forum at 8:45 AM ET
- March 14, 2023: Wolfe FinTech Forum at 1:50 PM ET
These events aim to engage investors and stakeholders about FLEETCOR's innovative business payment solutions. Interested parties can access the presentations through the company's investor relations website.
FAQ
What is the market cap of Corpay (FLT)?
What services does Corpay offer?
How does Corpay help businesses manage expenses?
What recent partnership has Corpay entered into?
Where is Corpay headquartered?
What is Corpay's standing in the commercial card market?
How many commercial accounts does Corpay serve?
What are the core principles driving Corpay's success?
How has Corpay grown over the last decade?
What kind of payment solutions does Corpay specialize in?
How does Corpay ensure payment security and compliance?
