Corpay (CPAY)

The business is organized around several payment categories. Vehicle Payments serves companies that manage fleets by helping them pay for fuel, maintenance and other vehicle-related expenses while improving reporting, controls and fraud prevention. Corporate Payments focuses on business-to-business transactions, including vendor payments, virtual cards and international payment services. Lodging Payments supports organizations that need to book and settle hotel stays for employees, contractors or displaced customers. These services are designed to replace manual processes and fragmented expense systems with integrated payment networks and data-driven controls.

Corpay, formerly known as FLEETCOR, has a large presence in the United States and also operates internationally, including in markets such as Brazil and the United Kingdom. Its revenue is tied to transaction volume, card usage, payment fees, foreign exchange activity and service arrangements with merchants and corporate clients. The company serves a broad customer base, from small businesses to large enterprises, and its appeal rests on reducing administrative burden, improving visibility over spending and giving companies more precise control over how employees and suppliers are paid.