Description

FLEETCOR Technologies, Inc. specializes in providing sophisticated digital payment and spending management solutions designed to help businesses efficiently control their expenditures and streamline financial transactions. Their suite of corporate payment offerings includes automated accounts payable systems. They also furnish virtual cards, which generate a unique, single-use card number for a specific amount, valid only for a defined period. For global operations, their Cross-Border service facilitates international payments to vendors, covers foreign office and personnel expenses, handles capital expenditures, and enables profit repatriation or dividend distributions. Additionally, FLEETCOR supplies purchasing cards and travel & entertainment cards, empowering clients to meticulously analyze and manage their business spending. The company further extends its expertise to employee expense management. This segment includes fuel solutions tailored for businesses and government entities that operate vehicle fleets, as well as for oil, leasing companies, and fuel marketers. Their lodging solutions cater to companies with employees who travel overnight for work, alongside airlines and cruise lines needing to accommodate traveling crews or stranded passengers. Moreover, FLEETCOR provides electronic toll payment solutions, utilizing radio frequency identification (RFID) tags for vehicles, available to both businesses and individual consumers. In addition, FLEETCOR offers comprehensive gift card program management and processing services, available in both physical plastic and digital formats. These services encompass everything from card design, production, and packaging to delivery, fulfillment, card and account management, transaction processing, promotional development and management, website design and hosting, program analytics, and the strategic management of distribution channels. Rounding out their product portfolio are other specialized solutions, such as payroll cards, vehicle maintenance service solutions, long-haul transportation solutions, and various prepaid options like food vouchers or cards, and transportation cards and vouchers. FLEETCOR serves a diverse client base, including businesses, merchants, consumers, and payment network customers across North America, Brazil, and other international markets. The company was established in 1986 and maintains its corporate headquarters in Atlanta, Georgia.