Corpay Cross-Border Launches Payments GPS for Live Payment Tracking
12 Setembro 2023 - 9:30AM
Business Wire
Payments GPS unlocks a new era of payment
transparency, providing real-time status updates on cross-border
payments.
Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in
business payments, is proud to announce that Corpay’s Cross-Border
business has launched Payments GPS, a proprietary tracking
technology that allows clients and partners to monitor payments in
real time.
Leveraging best-in-class technologies, including SWIFT GPI
(Global Payments Innovation), Payments GPS allows for a
comprehensive infrastructure for clients and partners to
continuously monitor payments. It provides an intuitive user
experience, API Suite, and push notifications – making payment
tracking more convenient than ever before.
“We have witnessed a high demand for transparency in the
cross-border payments space. Our vision for Payments GPS is to
provide clients and partners with one interface where they can
track all payments across Corpay’s networks,” says Corinne
MacMillan, Chief Product Officer, Corpay’s Cross-Border Solutions.
“And we don’t plan on stopping here. We’re on a mission to continue
improving our infrastructure and data-sharing across all networks
so we can continue delivering leading-edge transparency.”
Prior to the launch of Payments GPS, understanding the status of
payments would require senders to call in or request a payment
investigation offline – a process that could take days. Payments
GPS drastically reduces these manual touchpoints by providing full
details on the payment status, associated fees and any necessary
documents clients may need to upload on a centralized platform.
Each payment can be easily monitored and tracked using a Tracker ID
that is assigned when it is processed by Corpay.
Core benefits of the product include:
- Transparency: Provides real-time payment status from
initiation to settlement and allows clients to monitor each step of
the journey.
- Centralized platform: Clients can access secure,
thorough, and reliable information about the movement of payments
across banks, including BIC codes, payment received and released
dates, deductions, FX rates, and credited amounts.
- Knowledge: Provides detailed insight into bank fees and
other charges upfront, enabling clients to make more informed
decisions.
- Certainty: Real-time tracking ensures up-to-date
information and gives clients confidence that the payment was
successfully delivered to the recipient.
- Convenience: Enables a superior self-serve option for
clients and partners, which allows for better exception handling
and reduces investigation time and cost.
Providing a transparent self-serve platform for clients will
also tremendously reduce the number of payment investigation cases
opened for Corpay’s internal operations team.
“In today’s world, transparency is everything. At Corpay, we
want our clients to have the same level of visibility and knowledge
about the status of their payments as we do,” said Mark Frey,
President, Corpay’s Cross-Border Solutions. “Payments GPS marks the
first step in our endeavors to build comprehensive infrastructure
aimed at increasing transparency throughout the payment
process."
For information about Payment GPS and the benefits it can
provide, please visit
https://cross-border.corpay.com/payment-gps/.
About Corpay
Corpay is a global leader in business payments, helping
companies of all sizes better track, manage and pay their expenses.
Corpay provides customers with a comprehensive suite of online
payment solutions including Bill Payment, AP Automation,
Cross-Border Payments, Currency Risk Management, and Commercial
Card Programs. Corpay is part of the FLEETCOR (NYSE: FLT) portfolio
of brands. To learn more, visit www.corpay.com.
1“Corpay” (a Fleetcor (NYSE: FLT) brand) in this document
primarily refers to the Cross-Border Division of Corpay
https://www.corpay.com/cross-border; a full listing of the
companies that are part of the Corpay brand is available here:
https://www.corpay.com/compliance.
* Subject to credit and compliance approval from the relevant
Corpay company.
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version on businesswire.com: https://www.businesswire.com/news/home/20230912182602/en/
Media: Keera Hart Senior Account Director (905) 580-1257
Keera.Hart@kaiserpartners.com Corpay: Brad Loder VP,
Cross-Border Marketing (647) 627-6635 brad.loder@corpay.com
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