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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, Inc. (NYSE: FLT) will host a conference call on May 5, 2022, at 5:30 pm ET, to discuss its first-quarter financial results. The call will be led by CEO Ron Clarke, CFO Charles Freund, and Jim Eglseder from investor relations. A press release detailing financial results will be available after market close on the same day. Interested parties can access the call via the company's investor relations website or by phone. A replay of the call will be available for several weeks following the event.
ALE Solutions, Inc. has launched MyALE HOME, the first app designed for displaced homeowners, enabling policyholders to manage temporary housing stays via mobile devices. Key features include receipt capture for Loss of Use expenses, communication tools, and 24/7 support. Adjusters can also manage receipts through the MyALE Claims Portal, tracking expenses against ALE limits. This initiative reflects ALE and FLEETCOR's commitment to enhancing customer experience in the insurance industry. The app is available on iOS and Android platforms.
Comdata, a subsidiary of FLEETCOR, has launched an innovative lumper payment solution that digitizes and automates payment processes for warehouse operations. This system allows for seamless payments via mobile devices, reducing friction and delays historically caused by manual processes. By integrating multiple payment methods, Comdata enhances control over transactions and promotes efficiency in the trucking industry. Eric Dowdell, President of Comdata's North American Trucking division, emphasizes the solution's potential to improve driver experiences and support digital transformation in the industry.
Corpay, a brand of FLEETCOR (NYSE: FLT), has been chosen by the Boating BC Association as the endorsed provider of foreign currency exchange and international payment solutions for over 280 members in British Columbia. This partnership allows members to access Corpay's innovative services to manage currency risk and streamline global payments through an award-winning trading platform. Corpay aims to enhance service delivery and support business growth for BBCA members, especially amidst global market volatility.
Sila Inc. has announced a partnership with Corpay, enhancing its cross-border payment capabilities. This collaboration will give Sila's customers access to over 145 currencies across more than 100 countries, facilitating smoother transitions between domestic and international transactions. Andrew Howlett from Corpay noted the growing demand for these services, while Sila's CEO, Shamir Karkal, emphasized the importance of tailored financial solutions for entrepreneurs. The global cross-border payment market is poised for significant growth, with flows expected to reach US$156 trillion in 2022.
FLEETCOR Technologies, Inc. (NYSE: FLT) has announced the acquisition of Levarti, an airline software platform that automates passenger disruptions, including notifications, re-bookings, and accommodations. Levarti's MAX software has been adopted by numerous global airlines since its launch in 2014, enhancing passenger experience with digital solutions. This acquisition aims to streamline operations for airline clients and boost sales in FLEETCOR’s lodging segment, leveraging existing airline relationships.
FLEETCOR Technologies, Inc. (NYSE: FLT) will participate in several investor conferences in March 2022. Key events include a virtual fireside chat at the KBW Fintech & Payments Conference on March 3 at 9:30 AM ET, and the Evercore ISI Payments & Fintech Innovators Forum on March 4 at 10:15 AM ET. Additional chats are scheduled for March 7 at the Raymond James Institutional Investors Conference in Orlando, FL, and March 8 at the Wolfe Fintech Forum. Presentations can be accessed via their investor relations website.
Corpay, a brand under Fleetcor (NYSE: FLT), has launched its C.A.S.E. methodology to aid clients in managing foreign exchange (FX) risk effectively. This cost-effective solution allows businesses to capture, analyze, strategize, and execute tailored FX strategies without requiring expensive technology. The process emphasizes ongoing data capture to enhance understanding of FX exposure, and it leverages historical data to optimize hedging strategies. Corpay aims to simplify the complexities of international trading for businesses, especially those new to the market.
Corpay, a FLEETCOR brand, announces a collaboration with the Producers Guild of America (PGA) to provide PGA members with complimentary access to its cross-border payments and foreign currency exchange services. This initiative allows over 8,000 PGA members to manage their global payments efficiently and mitigate currency risk. Corpay's platform offers tailored payment workflows, enhancing control over budgets and on-time payments. Robert Bollé from Corpay expressed confidence that the PGA members will significantly benefit from these financial solutions.
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