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LONDON - Corpay, Inc. (NYSE:CPAY), a $20.3 billion market cap payment solutions provider with strong financial health according to InvestingPro metrics, has joined the United Kingdom’s Faster Payment Service (FPS), enabling near-instant GBP transactions for its clients operating in the UK market, according to a company press release.
The integration with FPS, which is owned and operated by Pay.UK, allows Corpay’s Cross-Border business to provide customers with dedicated account numbers linked to Corpay’s sort code. This connection to both the FPS and CHAPS payment schemes enables clients to send and receive GBP payments through local rails. The company maintains a robust 78% gross profit margin and has demonstrated steady revenue growth of 9.2% over the last twelve months.
FPS facilitates real-time payments of up to £1 million and operates continuously throughout the year. The service is primarily initiated through online, mobile, or telephone banking for individuals, businesses, and charities across the UK.
"By joining the Faster Payments network, we are meeting that demand with a modernized GBP payment experience that is fast, seamless, and aligned with the real-time expectations of global businesses," said Tim Watson, Chief Product & Digital Innovation Officer at Corpay Cross-Border Solutions.
David Morris, Chief Operating Officer at Pay.UK, noted that the service "facilitates real-time payments of up to £1m for millions of individuals, businesses, and charities across the UK."
The FPS integration enhances Corpay’s Multi-Currency Account solution, providing clients with improved speed and reliability for both receivables and outbound transfers in GBP.
Corpay, an S&P 500 company, provides payment solutions for businesses and consumers to manage vehicle-related expenses, travel expenses, and vendor payments.
In other recent news, Corpay, Inc. reaffirmed its financial guidance for the third quarter and full year 2025. The company made this announcement to institutional credit investors, maintaining its previously disclosed outlook without any updates. In its second-quarter 2025 earnings report, Corpay surpassed Wall Street expectations with an earnings per share of $5.13, slightly above the forecasted $5.11. Revenue for the quarter reached $1.1 billion, matching projections. Raymond James lowered its price target for Corpay to $392 from $414, while keeping an Outperform rating, citing slight underperformance in organic growth. This adjustment follows the company’s in-line second-quarter results, where revenue and earnings per share largely met consensus expectations. Despite the earnings beat, the market’s reaction was cautious, reflecting investor consideration of the company’s financial performance and future outlook.
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