|Exchange:||New York Stock Exchange|
|Stock:||Fleetcor Technologies, Inc.|
|FleetCor Technologies, Inc. is a Delaware corporation. Its predecessor company was organized in the United States in 1986. In 2000, changed its name to FleetCor Technologies, Incite is the provider of payment products and services to commercial fleets, major oil companies and petroleum marketers. It serves more than 530,000 commercial accounts in 18 countries in North America, Europe, Africa and Asia. Through its proprietary payment networks, its cards are accepted at approximately 83,000 locations in North 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. Its payment programs enable businesses to better manage and control employee spending and provide card-accepting merchants with a high volume customer base that can increase their sales and customer loyalty. In order to deliver its payment programs and services and process transactions, it owns and operates six proprietary “closed-loop” networks through which it can electronically connect to merchants and capture, analyze and report customized information. It also uses third-party networks to deliver its payment programs and services in order to broaden its card acceptance and use. It also provide 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. It markets its payment products directly to a broad range of commercial fleet customers, including vehicle fleets of all sizes and government fleets. Among these customers, it provides its products and services predominantly to small and medium commercial fleets. Its revenue is recurring in nature because it generates fees every time a card is used, customers rely on its payment programs to control their own recurring operating expenses and its partners and customers representing a substantial portion of its revenue enter into multi-year service contracts. The key elements of its growth strategy are to penetrate its target markets further, Expand its products and services, Enter new geographic markets, Pursue growth through strategic acquisitions. It sells a range of customized fleet and lodging payment programs directly and indirectly through partners, such as major oil companies and petroleum marketers. It provide its customers with various card products that typically function like a charge card to purchase fuel, lodging and related products and services at participating locations. It operates in two segments, which it refers to as its North American and International segments. It compete with independent fleet card providers, providers of card outsourcing services and major financial services companies as well as major oil companies and petroleum marketers that issue their own fleet cards. Its primary independent fleet card competitors are Wright Express Corporation, Comdata Corporation and U.S. Bank Voyager Fleet Systems Inc. in North America and Arval UK Group Limited (a subsidiary of BNP Paribas) internationally. It owns trademark registrations supporting a number of its brands, such as FleetCor®, Fuelman®, FleetNet®, FleetCards USA®, CFN®, and Mannatec® in the United States. It also own trademark registrations in various European jurisdictions for a number of its brands, such as Keyfuels®, The Fuelcard Company®, CCS®, iMonitor® and Transit Card®. A substantial number of laws and regulations apply to businesses offering payment cards to customers or processing or servicing such cards.|
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