CPAY 📈 Corpay - Overview

Corpay, Inc., a global payments company, specializes in streamlining vehicle-related expenses, lodging costs, and corporate payments for businesses and individuals across the United States, Brazil, the United Kingdom, and other international markets. The company's vehicle payment solutions encompass a range of services, including fuel management, tolls, parking, fleet maintenance, and long-haul transportation, all designed to optimize fleet operations and reduce administrative burdens. Additionally, Corpay offers prepaid food and transportation vouchers and cards, providing a convenient and controlled way for organizations to manage employee expenses.

Corpay's corporate payment solutions are designed to automate and simplify accounts payable processes, leveraging virtual cards, cross-border payment capabilities, and specialized card products for purchasing, travel, and entertainment. This suite of solutions enables businesses to enhance operational efficiency, reduce costs, and improve financial control. The company also caters to the lodging needs of employees who travel for work, as well as traveling crews, stranded passengers, and insurance policyholders requiring temporary accommodations due to damage or catastrophe. Furthermore, Corpay's product portfolio includes gift cards and payroll cards, offering a versatile range of payment tools for various customer segments.

With a diverse customer base comprising businesses, merchants, consumers, and payment networks, Corpay, Inc. has established itself as a comprehensive payments solutions provider. Founded in 1986 and headquartered in Atlanta, Georgia, the company has undergone significant transformation, including a name change from FLEETCOR Technologies, Inc. to Corpay, Inc. in March 2024. As a publicly traded company listed on the New York Stock Exchange (NYSE:CPAY) and classified under the Diversified Financial Services sub-industry, Corpay, Inc. is committed to delivering innovative payment solutions that meet the evolving needs of its global customer base, with more information available on its website at https://www.corpay.com.