Latest news with #corporatepayments
Finextra
4 days ago
- Business
- Finextra
Corpay launches automated finance platform in UK
Corpay, the global S&P500 corporate payments company trusted by thousands of businesses worldwide, has launched Corpay Complete in the UK, a powerful, all-in-one platform designed to streamline finance operations, automate payments, and deliver real-time control over costs. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Already trusted by finance teams across the US, the platform has been adapted for the complexity of UK finance, and unifies accounts payable, FX, expenses, and payments into one intelligent solution. With expert local support and a human-first approach, Corpay Complete turns cutting-edge technology into a true finance partnership. The launch comes as recent data highlights that UK finance leaders are under growing pressure to do more with less – less resource, less time, less budget. According to Deloitte, 63% of UK CFOs now rank cost control as their highest business priority. In addition, just 36% of UK CFOs say that they have real-time visibility over their cash flow, while one in three UK businesses has fallen victim to invoice fraud – often due to manual processes and weak controls. This is echoed globally, as more than half of finance professionals are still spending over 10 hours per week processing invoices. Yet despite the time drain, only 5% of finance teams are fully automated, according to the Institution of Financial Operations Leadership's 2024 member survey – which includes responses from UK-based CFOs. The result is a clear disconnect between day-to-day workload and digital maturity. Fragmented systems make it worse, with 67% of global CFOs saying that disconnected tools are a barrier to meaningful automation and cost efficiency. Built to meet the demands of modern finance teams, Corpay Complete helps UK businesses save time, cut costs, and take control over fragmented finance operations. By unifying accounts payable, expense management, and international payments into one intelligent platform, finance leaders can move beyond disconnected systems and manual workflows. Corpay Complete automates the entire finance lifecycle – from supplier onboarding and purchase order creation to invoice capture, receipt matching, expense management and payment approvals. With customisable approval flows and a mobile-first interface, the platform eliminates administrative friction, reduces the risk of errors and fraud, and frees finance teams to focus on strategic priorities. By accelerating approvals, businesses can strengthen supplier relationships and take advantage of early payment discounts to improve working capital. The platform also enhances corporate spend control through integrated card programmes and secure, single-use virtual cards**, helping reduce leakage and unlock potential cashback of up to 1%* on eligible payments. For organisations with international operations, Corpay's market-leading FX capabilities enable fast, transparent cross-border payments to over 200 countries in 145 currencies – delivered with competitive exchange rates and no hidden fees. Corpay Complete gives finance leaders the clarity and oversight they need, with a single platform to track, approve, and manage payments in real time – whether at their desk or on the move via the Corpay mobile app. Speaking on the launch of Corpay Complete, Alan King, Group President at Corpay, said 'Corpay has been at the forefront of business payments in the US and globally – supporting thousands of businesses with smart, scalable finance solutions. Now, we're bringing that expertise to the UK with Corpay Complete, our all-in-one platform built specifically for today's finance leaders.' King added: 'The timing couldn't be more critical. Between the acceleration of digitisation, the rise of embedded finance, and widening skills gaps in finance teams, UK businesses are under growing pressure to do more with less. Corpay Complete is purpose-built for these realities – a solution that unifies accounts payable, FX, and expenses, helping finance teams work smarter, move faster, and manage risk with confidence.' Piero Macari, Corpay's VP of Products, added: 'As CFOs across the UK navigate the demands of digital transformation, they are increasingly expected to modernise financial operations, enhance cash flow visibility, and remove human error in a rapidly evolving business environment. Corpay Complete is purpose-built to meet these challenges. It integrates with existing financial systems, automates complex accounts payable workflows, and supports mobile-first digitisation to streamline processes from end to end. The platform delivers real-time financial data, empowering finance leaders to make faster, more informed decisions. Corpay Complete also simplifies expense management through integrated corporate cards, enabling organisations to monitor spend in real time, enforce policy controls, and unlock commercial opportunities tied to card usage. With support for both domestic and international payments, and efficient corporate credit card management, the platform helps finance teams reduce manual workloads, improve working capital, strengthen supplier relationships, and focus on driving strategic value. In today's digitising landscape, Corpay Complete delivers the operational agility and financial oversight modern organisations need to compete and grow.' Corpay already processes $320 billion in payments annually, delivers over $700 million in rebates, and supports 800,000+ corporate clients worldwide. As one of the largest FX providers in the UK, Corpay Cross Border Solutions also trades more than $320 billion in foreign exchange each year – giving businesses access to competitive rates and trusted global payment infrastructure. The launch of Corpay Complete marks a major step forward in its mission to simplify business finance – bringing together that global expertise in FX and payments with intelligent automation tailored to the needs of UK finance teams. Recognised by Forbes as one of the world's most innovative companies and by TIME as one of the world's best, Corpay brings entrepreneurial energy, proven scale, and deep industry expertise to the global payments space. With a track record of simplifying complex payment processes for businesses worldwide, Corpay is now setting its sights on transforming the way UK finance teams operate – starting with Corpay Complete.
Yahoo
20-06-2025
- Business
- Yahoo
Is Corpay Stock Outperforming the Nasdaq?
With a market cap of $23.1 billion, Atlanta, Georgia-based Corpay, Inc. (CPAY) operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States and internationally. Companies worth $10 billion or more are generally described as "large-cap stocks", and CPAY fits this description perfectly. The company offers vehicle payment solutions, prepaid food and transportation vouchers and cards, corporate payment solutions, virtual cards, cross-border solutions, and serves business, merchant, consumer, and payment network customers. Is Palantir Stock Poised to Surge Amidst the Israel-Iran Conflict? 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer CoreWeave Stock Is Too 'Expensive' According to Analysts. Should You Sell CRWV Now? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! CPAY currently trades 21.6% below its all-time high of $400.81 recorded on Feb. 6. Corpay's stock has declined 9.4% over the past three months, notably underperforming the Nasdaq Composite's ($NASX) 11.7% uptick during the same time frame. In the long term, CPAY stock has declined 7.1% on a YTD basis, underperforming the Nasdaq's 1.2% increase. However, shares of CPAY grew 24.6% over the past 52 weeks, outperforming NASX's 9.4% returns over the same period. To confirm its recent downturn, CPAY has been trading below its 200-day moving average since early April, with some fluctuations, and dropped below its 50-day moving average in the previous trading session. CPAY stock prices remained mostly flat in the trading session after the release of its better-than-expected Q1 earnings on May 6. The company's net revenues increased 7.5% year-over-year to approximately $1 billion, mainly driven by solid performance in its Corporate Payments segment, and surpassed the Street's estimates as well. Its adjusted EBITDA margin came in at 55.2%, flat year-over-year, and its adjusted EBITDA came in at $555.4 million. The company's adjusted net income grew 7.2% year-over-year to $322.9 million, and its adjusted EPS increased 10% from the prior year's quarter to $4.51 and surpassed the consensus estimates. Its peer, PayPal Holdings, Inc. (PYPL) has declined 19.7% in 2025 and has surged 16% over the past year, underperforming Corpay. Among the 17 analysts covering the CPAY stock, the consensus rating is a 'Moderate Buy.' Its mean price target of $393.13 suggests a 25% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
04-06-2025
- Business
- Zawya
How money moves across borders – and why securing it matters?
By Johnson Idesoh, Group Chief Information and Technology Officer at Absa Every day, money moves across African borders in the billions. These transactions pass through more than fifty regulatory environments, are denominated in dozens of currencies, and rely on institutions with widely varying levels of digital maturity. Yet the infrastructure securing these flows – globally and across Africa – is under increasing strain, challenged by the scale of demand and the speed at which threats evolve. According to EY, global cross-border payment flows are growing at an estimated 9% annually, reaching $190 trillion in 2023 and projected to surpass $290 trillion by 2030. Each year, billions of those dollars move through African payment corridors. While exact continental figures remain difficult to establish – an issue in itself – remittance flows, estimated at $ 54 billion annually, illustrate the scale. Much larger volumes are driven by corporate payments, intra-African trade, and government transfers – each of which places distinct demands on the systems that carry them. The user interface of those systems – such as a banking app – may offer a seamless experience, but beneath it, a multi-layered validation engine is at work: screening for fraud, confirming device provenance, triangulating location, and flagging anomalies. At the centre of this modern authentication stack is the shift from deterministic to adaptive authentication – and for Africa, this carries two strategic implications. The first is that security must be mobile-native. Traditional assumptions about device trust, browser-based sessions, or fixed-location usage models do not hold in environments where mobile penetration outpaces formal infrastructure. Security must be engineered for portability, able to validate identity across SIM swaps, handset changes, and low-data environments, without exposing users to risk. The second is that inclusion and intelligence must converge. Adaptive authentication makes it possible to extend high-trust experiences to users with limited financial footprints by anchoring trust in behavioural patterns, device signatures, and biometric input. Increasingly, this will be driven by machine learning models trained on vast datasets – models capable of inferring risk not from isolated red flags, but from subtle shifts in user interaction over time. Authentication is only the first factor. Once identity is verified, the transaction must still traverse the institutional and technical infrastructure that connects domestic banking systems to regional and global corridors. Unfortunately, most African cross-border payments still rely on infrastructure located outside the continent. According to the African Development Bank, over 80% of such payments originating from African banks are routed offshore for clearing and settlement. These detours introduce latency and raise operational costs by inserting additional jurisdictions into the transaction chain. Regional initiatives have sought to reduce these dependencies. Platforms such as the Regional Payment and Settlement System (REPSS) and the SADC Integrated Regional Electronic Settlement System (SIRESS) were built to internalise clearing within regional blocs. Yet adoption remains uneven, constrained by limited currency convertibility and operational fragmentation across participating jurisdictions. Where bilateral integrations exist, they are often confined to pairs of markets with historical alignment or commercial necessity – not system-wide interoperability. Emerging technologies do offer alternatives, but not yet resolution. Distributed ledger systems can create shared transaction histories across multiple institutions, reducing reliance on intermediaries and enhancing auditability. But their security model is contingent on governance. Without regulatory clarity on liability, dispute mechanisms, and identity verification standards, distributed consensus risks becoming a decentralised opacity. AI, already operational in anomaly detection and liquidity forecasting, will become foundational to infrastructure security. But AI requires structured data and regulatory scaffolding. In the absence of both, its deployment may produce confidence without control. If this layer of infrastructure can be reconstituted – not only through new technologies, but through standards that permit systems to observe one another, validate in real time, and enforce shared definitions of security – then the architecture itself becomes a guarantor of trust. The next phase of securing cross-border payments in Africa will not be defined by new technologies alone, but by the degree to which institutions can embed security into the core architecture of regional financial systems. This requires more than technical interoperability; it demands operational standards, shared definitions of risk, and governance frameworks capable of enforcing them across borders. In a system this complex, security architecture must be designed to anticipate risk, not react to it.
National Post
02-06-2025
- Business
- National Post
Corpay Cross-Border Named an Official Partner of Real Madrid C.F.
Article content Article content Article content TORONTO — Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into an agreement with Real Madrid C.F. to become an Official Partner. Article content Through this partnership, Real Madrid will be able to gain access to and utilise Corpay Cross Border's innovative solutions to help mitigate foreign exchange exposure from their day-to-day business needs. Article content 'The Corpay Cross-Border team is elated to be named an Official Partner of Real Madrid, one of the world's most widely recognized and followed sports franchises,' said Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions. 'With our strong focus on growing the Corpay brand, as well as our currency risk management business, we are excited to partner with one of the most successful football clubs in the world.' Article content About Corpay Corpay, Inc. (NYSE: CPAY) is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Corpay's suite of modern payment solutions help its customers better manage vehicle-related expenses (such as fueling and parking), travel expenses (e.g. hotel bookings) and payables (e.g. paying vendors). This results in our customers saving time and ultimately spending less. Corpay Cross-Border refers to a group of legal entities owned and operated by Corpay, Inc. Article content Corpay – Payments made easy. To learn more visit Article content About Real Madrid C.F. Real Madrid C.F. is a sport entity with 123 years of history. It is the club with the most European Cups of both football (15) and basketball (11) and was awarded by FIFA as the Best Club of the twentieth century. Real Madrid has millions of fans in all corners of the world, with more than 620 million followers on social media, being the strongest football brand in the world according to Brand Finance for the third year in a row and also the highest earning football club in the world in the 23-24 season (Football Money League by Deloitte). More information about Real Madrid C.F. is available at the most visited football club website for the seventh consecutive year. Article content Article content Article content Article content Article content Article content
