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FLEETCOR Technologies, Inc. (NYSE: FLT) has renewed its agreement with TravelCenters of America (TA) to allow the continued acceptance of its Comdata fleet card at TA's travel centers. The renewed deal will expand services, enabling TA, TA Express, and Petro locations to also accept FLEETCOR's Fuelman and FleetWide fuel cards. This partnership aims to enhance convenience and increase transaction volume. TA operates over 270 travel centers in the US and Canada.
Cambridge Global Payments, a FLEETCOR company (NYSE: FLT), announces the launch of its enhanced Payments API 2.0, aimed at improving developer experiences and accelerating the creation of new payment products. The open API suite facilitates both foreign exchange and domestic payments, providing access to over 145 currencies and in-country delivery to 117 countries. The upgrade is designed to enhance user experience and efficiency while ensuring compliance with security protocols. This initiative reflects Cambridge's commitment to innovation in the fintech space.
FLEETCOR Technologies (NYSE: FLT) announced it will host a fireside chat during Citi’s 2020 Financial Technology Virtual Conference on November 16, 2020, at 9:45 AM ET. The discussion will be accessible via the Company’s investor relations website.
FLEETCOR is a leader in business payments, helping businesses manage and pay expenses efficiently across multiple regions, including North America, Latin America, Europe, and Asia Pacific. For more insights, visit www.FLEETCOR.com.
FLEETCOR Technologies (NYSE: FLT) will host a conference call to discuss its third quarter financial results on November 5, 2020, at 5:30 pm ET. CEO Ron Clarke, CFO Charles Freund, and investor relations representative Jim Eglseder will lead the call. A press release detailing the financial results will be published after the market closes on the same day. Interested parties can access the live call via the investor relations website or by phone, with a replay available for one week thereafter.
Cambridge Global Payments, a FLEETCOR company (NYSE: FLT), has been named the exclusive endorsed provider of foreign currency exchange and international payment solutions by the Association for Corporate Growth (ACG). This partnership gives ACG's 15,000 members access to Cambridge's services aimed at mitigating foreign exchange exposure and optimizing currency risk management. Cambridge's platform will enable members to manage global payments efficiently, enhancing their financial strategies.
Stored Value Solutions (SVS) has launched its Solutions B2B offering, aimed at aiding retailers in their gift card sales strategies. This initiative comes in response to a surge in B2B gift card sales, which have nearly doubled since the onset of the Covid-19 pandemic. With a 12% CAGR in business gift card sales over the past three years, SVS is positioned to streamline bulk purchase processes, enhancing security and consumer experience. SVS, owned by FLEETCOR Technologies (NYSE: FLT), processes over 1.5 billion transactions annually for more than 750 global customers.
Cambridge Global Payments, part of FLEETCOR (NYSE: FLT), launched a partnership with Ripple to enhance cross-border payment solutions for B2B customers. The collaboration leverages RippleNet, drastically reducing payout times by 99% during the pilot phase. With an aim to explore additional markets, the partnership promises greater transparency and efficiency, catering to the growing B2B cross-border payment market projected to reach $35 trillion in 2022. The initiative positions Cambridge to better meet customer expectations for rapid payment delivery.