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Sponsorship will provide SBAIC members with access to cross-border payments and currency exchange solutions
TORONTO — CorpayIa Fleetcor (NYSE: FLT) brand that provides integrated cross-border payments and foreign exchange risk management solutions, is pleased to announce that it has been named a Diamond Level Sponsor and Approved Provider of Global Payments and Foreign Exchange Solutions currency from the Small Business Association for International Business (“SBAIC”).
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SBAIC is a business organization made up of nearly 200 small businesses in 25 U.S. states that support USAID and other federal agencies. Through this partnership, SBAIC members and their businessesii located across the United States, will be able to access Corpay’s innovative solutions and use them to help mitigate currency risk for their day-to-day business needs. Additionally, Corpay’s award-winning trading platform will allow SBAIC members to manage their global payments from a single point of access.
“Corpay is very pleased to become both a sponsor and an authorized partner of SBAIC. I am confident that SBAIC members located across the United States will greatly benefit from our unparalleled service and access to our comprehensive cross-border payments and foreign exchange risk management solutions. said Frank Mannarino, Vice President, Channels and Alliances, Corpay Cross-Border Solutions. “The Corpay team looks forward to helping members power their international payments, execute plans to manage their currency risk, and support their growth around the world.”
“Corpay has been instrumental in helping Connexus Corporation efficiently provide exotic currencies for our international development projects. After my company, Connexus Corporation, learned that we could achieve significant savings by using Corpay instead of our bank to make foreign currency transfers, I wanted other small businesses to potentially benefit from the services of Corpay. I proposed that Corpay become a corporate sponsor of SBAIC so that they could show our members how they too could access better forex services at a lower price. Anita Campion, Executive Chairman of SBAIC, President and CEO of Connexus Corporation
Corpay is a global leader in business payments, helping businesses of all sizes better track, manage and pay their expenses. Corpay offers its customers a full suite of online payment solutions, including bill payment, AP automation, cross-border payments, foreign exchange risk management and commercial card programs. As the largest commercial Mastercard issuer in North America, Corpay handles over one billion transactions each year. Corpay is part of the FLEETCOR (NYSE: FLT) portfolio of brands. To learn more, visit www.corpay.com.
About the Small Business Association for International Businesses
The Small Business Association for International Companies (SBAIC) is a membership organization created to promote the meaningful use of American small businesses in U.S. government agencies providing foreign assistance. These U.S. government agencies include: U.S. Agency for International Development (USAID), Millennium Challenge Corporation (MCC), Overseas Private Investment Corporation (OPIC), and the Departments of State, Defense, Health, and Human Services and Agriculture of the United States. To learn more, visit www.sbaic.org.
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I“Cambridge Global Payments” and “AFEX” are trade names that may be used for international payment solutions and risk management solutions provided by certain affiliated entities using the “Corpay” brand. International payment solutions are provided in Australia through Cambridge Mercantile (Australia) Pty. ltd. ; in Canada by Cambridge Mercantile Corp.; in Switzerland through Associated Foreign Exchange (Schweiz) AG; in the UK through Cambridge Mercantile Corp. (UK) Ltd. ; in Ireland and the European Economic Area on a cross-border basis through Associated Foreign Exchange Ireland Ltd. ; in Jersey and the Channel Islands via AFEX Offshore Ltd. ; in Singapore through Associated Foreign Exchange (Singapore) Pte. ltd. and in the United States through Cambridge Mercantile Corp. (United States). Risk management solutions are provided in Australia by Cambridge Mercantile (Australia) Pty. ltd. ; in Canada by Cambridge Mercantile Corp.; in the UK via Cambridge Mercantile Risk Management (UK) Ltd. ; in Ireland and the European Economic Area on a cross-border basis through AFEX Markets Europe Ltd. ; in Jersey and the Channel Islands via AFEX Offshore Ltd. ; in Singapore through Associated Foreign Exchange (Singapore) Pte. ltd. and in the United States through Cambridge Mercantile Corp. (United States).
ii*Subject to credit and compliance approval of the relevant Corpay company.
Vice President, Cross-Border Marketing
SBAIC Member Services Coordinator