The global payments firm FLEETCOR Technologies is rebranding to Corpay. This shift, effective March 25, 2024, aligns with the company's operations of offering corporate payment solutions. According to the press release, the company will maintain its brands in the Vehicle Payments and Lodging Payments segments despite the rebranding.

FLEETCOR Targets Institutional Clients

Ron Clarke, the Chairman and Chief Executive Officer of FLEETCOR, mentioned: "The Corpay name better represents what we do now, which is provide corporate payment solutions. We will use Corpay as the go-to-market brand for our Corporate Payments segment and retain our existing popular go-to-market brands in our Vehicle Payments and Lodging Payments segments."

Corpay specializes in facilitating business payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term for international transactions, offering currency risk management and support for global business expansion. With operations spanning 145+ currencies and 200+ countries, Corpay enhances cross-border transactions for businesses globally.

Monumental news from FLEETCOR today as it announces plans to rebrand as Corpay on March 25. Read the release.https://t.co/maRtz5tpqL pic.twitter.com/DIH0xsOVxw

— FLEETCOR (@FLEETCOR) March 7, 2024

Last year, AC Milan selected Corpay as its official commercial foreign exchange partner. This collaboration expanded Corpay's reach in the global sports arena while providing AC Milan with a payment solution.

Broadening Fintech Partnerships

Beyond sports, Corpay has been actively forging partnerships within the fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term ecosystem. For instance, the firm collaborated with Sila Inc. to offer customers access to various currencies and cross-border payment capabilities across 100 countries.

Besides that, Corpay recently partnered with Netdania to leverage the NetStation platform. The firm's decision to utilize Netdania's NetStation platform underscored its dedication to enhance trading activities within its Cross-Border division.

NetStation provides Corpay with financial market data, news, analysis tools, and capabilities, enabling market analysis, risk management services, and overall client offerings. The platform's features include charting, alerts, calculators, and market data coverage.

Besides that, Cricket Ireland named Corpay Cross-Border as its official foreign exchange partner in January. While the deal underscores financial collaboration, it aims to bolster Ireland's cricket landscape. Corpay has carved a niche in providing commercial FX solutions to football clubs.