Distressed Passenger Agent

Visa and Corpay extend fleet payments deal across Europe. Visa and Corpay have broadened their existing strategic relationship to roll out Visa Fleet 2.0 across Europe through Corpay's fleet card processing platform. The announcement, made on 4 August, positions the partnership as a route to more flexible, data-rich payment experiences for fleet operators managing an increasingly complex mix of spend categories. Corpay, listed on the NYSE as CPAY and a constituent of the S&P 500, serves more than 800,000 business customers globally through vehicle payment solutions that span fuel, EV charging, parking, tolls and maintenance. The extension of its relationship with Visa brings the network's next-generation fleet infrastructure into Corpay's European platform, creating what both companies describe as an open-loop architecture for targeting new geographies and mobility segments. The deal. Visa Fleet 2.0 is designed as a consolidating layer for fleet-related spend that has historically been fragmented across closed-loop fuel cards, separate EV charging accounts and proprietary toll solutions. The open-loop approach allows transactions across a broader set of acceptance points without requiring fleet managers to maintain multiple card programmes for different expense categories. Lucy Demery, senior vice president and head of Visa commercial solutions Europe, said the partnership creates "an exciting opportunity to help businesses advance fleet payments through flexible, secure, and data-rich payment experiences that meet the evolving needs of today's mobility ecosystem." Alan King, group president of vehicle payments at Corpay, described the tie-up as "another step in the continued development of our platform," adding that it would provide additional flexibility as Corpay evolves its fleet and mobility solutions for customers across the region. Neither company disclosed financial terms or a timeline for specific country rollouts within Europe. Market context. The fleet payments segment is undergoing structural change driven by two converging pressures. The transition to electric vehicles is fragmenting charge infrastructure across multiple networks, each with different billing relationships, making consolidated fleet payment rails commercially attractive. At the same time, corporate travel and expense policy is tightening in many organisations, increasing demand for real-time spend controls and richer data feeds for finance teams. Visa Fleet 2.0 sits alongside competing infrastructure from Mastercard, which has its own commercial fleet and mobility offering, as well as specialist fleet card networks such as WEX, Fleetcor (now rebranded as Corpay's direct competitor in some markets) and Shell Fleet Solutions. The open-loop approach is a competitive differentiator in principle, but its practical value depends on acceptance footprint, particularly at EV charging points where network fragmentation remains a live problem across European markets. From a regulatory standpoint, the European fleet payments market operates within the Payment Services Directive framework, and fleet card programmes with restricted-use exemptions will need to monitor the scope of PSD3 as it progresses through legislative adoption. Broader-use open-loop products are generally subject to full e-money or payment institution licensing requirements, which shapes how quickly Corpay and Visa can extend the product into new geographies. The partnership's near-term test will be whether the combined platform can demonstrate measurable reductions in fleet administration cost and deliver richer per-transaction data to corporate finance teams. Those outcomes, rather than the structural announcement itself, will determine how quickly the product gains traction with fleet operators evaluating their card programme options. AI level 1 of 5: written by Darlyn Ho; AI helped with tone, structure or wording; edited and signed off by Mark Walker, Editorial Director. What the levels mean

Corpay, CEO to pay $100 million in FTC fuel-card case. WASHINGTON, D.C. - Corpay Inc., formerly FleetCor Technologies Inc., and Chief Executive Officer Ronald Clarke agreed to pay $100 million to resolve a Federal Trade Commission administrative action stemming from findings that the fuel-card company charged unauthorized fees and misrepresented customer savings, with the money designated for affected business customers. The proposed settlement follows years of litigation that began when the FTC sued FleetCor and Clarke in 2019. A federal district court granted summary judgment to the FTC in 2023, finding that FleetCor charged hidden or unauthorized fees and made deceptive representations about fuel-card savings and fees. A federal appeals court in 2026 upheld the judgment against FleetCor on all counts and affirmed the permanent injunction against the company. It upheld the judgment against Clarke on all but one count while vacating the injunction against him. Discover more Demographics The FTC alleged that FleetCor imposed hundreds of millions of dollars in fees that tens of thousands of customers, predominantly small businesses, had not knowingly agreed to pay. The agency also accused the company of charging late fees to customers who had paid on time or whom FleetCor had prevented from making timely payments. According to the FTC, FleetCor sometimes waited several billing cycles before adding fees and did not disclose some charges directly on invoices. Customers instead had to consult other account-management reports, where the agency alleged some fees were obscured or omitted. The federal court's existing injunction permanently prohibits the company from billing customers for charges without express informed consent and clear disclosure. It also bars FleetCor from concealing material information about charges behind hyperlinks or making deceptive claims about its fuel cards. Under the administrative settlement, FleetCor and Clarke will pay $100 million for consumer redress. They also agreed not to oppose reimposition of a federal court injunction against Clarke. "FleetCor deceived its small business customers by promising fuel savings that never materialized, while unfairly charging them hidden and unauthorized fees," Christopher Mufarrige, director of the FTC's Bureau of Consumer Protection, said. The FTC voted 1-0-1 to accept the consent agreement, with Chairman Andrew Ferguson recused. The matter remains pending while the agency completes its administrative process. The proposed agreement will be open for public comment for 30 days after its publication in the Federal Register. The commission will then decide whether to make the consent order final. A final FTC consent order carries the force of law, and future violations can result in civil penalties of as much as $53,088 per violation. Support the local news that supports Chester County. MyChesCo delivers reliable, fact-based reporting and essential community resources - free for everyone. If you value that, click here to become a patron today. Discover more Travel Guides & Travelogues Newspapers City & Local Guides