Mentioned Companies:

Fleetcor Expands Cross-Border B2B Payments

Fleetcor Technologies, a firm focused on processing business-to-business (B2B) payments including fleet cards, will acquire Afex, a specialist in cross-border B2B payment services. The transaction will make Fleetcor the largest nonbank provider of foreign exchange (FX) services for B2B transactions, ahead of Western Union Business Services. Big banks dominate foreign exchange services for cross-border payments, but they focus on large enterprises. The Afex deal follows Fleetcor’s purchase of Cambridge Global Payments in 2017 in a transaction valued at $675 million. Both companies target smal...

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January 2021
Headlines in this Issue
Charts in this Issue

Outstandings on General Purpose Credit Cards in the U.S.

Market Shares of Outstandings on U.S. Credit Cards—2000 through 2020

Investments in Merchant Acquiring and Processing by Region—2020

Investments by Region—Number of Transactions in 2020

Income at Top U.S. Credit Card Issuers—2020 vs. 2019

American Express Cards 2020 vs. 2019

Discover Card 2020 vs. 2019

Investments and Acquisitions—December 2020