Profile: Fleetcor Technologies Inc (FLT.N)
91.85USD
1 Aug 2013
$2.08 (+2.32%)
$89.77
$90.50
$92.91
$90.39
200,678
166,237
$92.91
$35.60
FleetCor Technologies, Inc., incorporated on February 3, 1998, is an independent global provider of fuel cards and workforce payment products and services to businesses, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America and Europe. It provides its payment products and services in a variety of combinations to create customized payment solutions for its customers and partners. The Company operates in two segments: North American and International. The Company provides its customers with various card products that typically function like a charge card to purchase fuel, lodging, food and related products and services at participating locations. During the year ended December 31, 2012, the Company processed approximately 304 million transactions on its networks and third-party networks. On June 15, 2012, the Company acquired a Russian fuel card company. On July 3, 2012, the Company acquired CTF Technologies, Inc. (CTF). In March 2013, the Company announced that it has acquired certain fuel card assets from GE Capital Australia's Custom Fleet leasing business. In May 2013, FleetCor Technologies Inc acquired Cardlink Systems Ltd.
The Company sells a range of customized fleet and lodging payment programs directly and indirectly through partners, such as major oil companies and petroleum marketers. It supports these cards with specialized issuing, processing and information services that enable it to manage card accounts, facilitate the routing, authorization, clearing and settlement of transactions, and provide value-added functionality and data, including customizable card-level controls and productivity analysis tools. It provides these services in a variety of outsourced solutions ranging from an end-to-end solution (encompassing issuing, processing and network services) to limited back office processing services. In Brazil, it has designed equipment which, when installed at the fueling site and on the vehicle and combined with its processing system, reduces the likelihood of unauthorized and fraudulent transactions. It offers this product to over-the-road trucking fleets, shipping fleets and other operators of heavily industrialized equipment, including sea-going vessels, mining equipment, agricultural equipment, and locomotives.
The Company offers a telematics solution in Europe that combines global positioning, satellite tracking and other wireless technology to allow fleet operators to monitor the capacity utilization and movement of their vehicles and drivers. Furthermore, in Mexico, it offers prepaid fuel and food vouchers and cards that may be used as a form of payment in restaurants, grocery stores and gas stations. It markets these payment products to small, medium and large businesses, which provide these cards and vouchers to their employees as benefits, as well as a tool to manage fuel expenses. Approximately 13% of its revenue in 2012, came from its lodging, prepaid fuel and food vouchers and cards and telematics products.
The Company owns and operates closed-loop networks through, which it electronically connect to merchants and capture, analyze and report customized information. The Company also uses third-party networks to deliver its payment programs and services in order to broaden its card acceptance and use. To support its payment products, it also provides a range of services, such as issuing and processing, as well as specialized information services that provide its customers with value-added functionality and data. Its customers can use this data to track important business productivity metrics, combat fraud and employee misuse, streamline expense administration and lower overall fleet operating costs. Within its segments, services are provided to commercial fleets, major oil companies, and petroleum marketers. Additionally, the Company provides a similar fuel product in its international segment to over-the-road trucking fleets, shipping fleets and other operators of heavily industrialized equipment, that when utilized at the fueling site and by the vehicle, reduces the likelihood of unauthorized and fraudulent transactions and allows fleet owners to monitor and control fuel consumption. The Company also provides lodging and transportation management services in North America and prepaid fuel and food vouchers and cards internationally that may be used as a form of payment in restaurants, grocery stores and gas stations.
The Company’s North American closed-loop networks include Fuelman network, which is a primary fleet card network in the United States, Corporate Lodging Consultants network (CLC), which includes lodging network in the United States and Canada, and Commercial Fueling Network (CFN), which is an unattended fueling location network in the United States and Canada. The Company International closed-loop networks includes Allstar network, which includes fleet card network in the United Kingdom, Keyfuels network, which is a primary fleet card network in the United Kingdom, CCS network, which is a primary fleet card network in the Czech Republic and Slovakia, Petrol Plus Region (PPR) network, which is a primary fleet card network in Russia, Poland, Ukraine, Belarus, Lithuania, Estonia, Latvia and Kazakhstan, Efectivale network, which is a fuel and food card and voucher networks in Mexico, and CTF network, which is a fuel control network in Brazil.
The Company competes with Wright Express Corporation, Comdata Corporation and U.S. Bank Voyager Fleet Systems Inc. in North America and Wright Express Corporation, Edenred and Sodexo, Inc. internationally.
Company Address
Fleetcor Technologies Inc
Suite 400, 5445 Triangle Parkway
NORCROSS GA 30092-2575
P: +1770.4490479
F: +1770.4493471
Company Web Links
| Name | Compensation |
|---|---|
Ronald Clarke |
10,521,800 |
Eric Dey |
693,634 |
Andrew Blazye |
563,079 |
Timothy Downs |
-- |
Charles Freund |
-- |

