FleetCor Technologies Inc FLT

Overview

FLEETCOR Technologies, Inc. is a prominent payments company that facilitates a wide range of expense management solutions for businesses and consumers, particularly those related to vehicle, lodging, and corporate payments. Having a global footprint, the company operates not only in the United States but also has a significant presence in Brazil, the United Kingdom, and other international markets. The company's operations are segmented into Vehicle Payments, Corporate Payments, Lodging Payments, and Others, demonstrating a diversified portfolio of payment solutions. Founded in 1986 and headquartered in Atlanta, Georgia, FLEETCOR has grown to become a key player in the payment solutions sector, serving a wide array of customers including businesses, merchants, consumers, and payment networks.

Products and Services

FLEETCOR Technologies, Inc. offers a comprehensive array of products and services tailored to meet the specific needs of their clients, ranging from vehicle payment solutions to corporate payment systems and beyond:

• Vehicle Payment Solutions: These include a variety of services to manage expenses related to fuel, tolls, parking, fleet maintenance, and long-haul transportation. These solutions are designed to streamline the management of vehicle-related expenses for businesses.
• Prepaid Food and Transportation Vouchers and Cards: FLEETCOR offers prepaid solutions to cover food and transportation expenses, providing an efficient way for businesses to manage these costs for their employees or customers.
• Corporate Payment Solutions: This range includes a suite of products aimed at simplifying the corporate payments process, such as accounts payable automation, virtual cards, cross-border payments solutions, and purchasing as well as travel and entertainment card products. These solutions are crafted to enhance operational efficiencies in corporate financial transactions.
• Lodging Payments Solutions: Tailored for employees traveling overnight for work, traveling crews, and stranded passengers from airlines and cruise lines, as well as insurance policyholders displaced from their homes due to damage or catastrophe, these solutions facilitate the simplification of managing lodging expenses under various circumstances.
• Gifts and Payroll Cards: FLEETCOR also provides gift and payroll card products, offering an alternative and possibly more convenient method for businesses to distribute rewards or payroll to their employees.