Advances STP’s Acceptance Network Beyond Toll
PEACHTREE CORNERS, Ga.--(BUSINESS WIRE)--Oct. 4, 2018--
FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global provider of
commercial payments solutions, announced today that the Company signed a
contract with Estapar, Brazil’s leading parking facilities operator, to
install STP’s electronic payment system in approximately 600 new parking
lot locations. Estapar will begin accepting FLEETCOR’s RFID-enabled
payments at many of its parking locations around the country.
This agreement will expand STP’s parking lot acceptance network to over
1,000 locations nationwide, including malls, hospitals and sports
arenas. The Company continues to execute on its strategic transformation
“beyond toll” by building out its parking and fuel acceptance networks.
Its roughly five million users will now have the added convenience to
access a significant number of fueling sites (at Shell and BR gas
stations) and parking facilities across Brazil.
“We are delighted to ink this deal with Estapar, and to provide our
customers an easier way to pay at locations across Brazil,” said Ron
Clarke, FLEETCOR Chairman and CEO. “We are continuing to progress our
efforts to widen STP’s electronic payment acceptance network beyond
toll, to attract more urban users to our customer base.”
The installation at Estapar sites will begin immediately, and is
expected to be completed in the first quarter of 2019.
About FLEETCOR
FLEETCOR Technologies (NYSE: FLT) is a leading global provider of
commercial payment solutions. The Company helps businesses of all sizes
better control, simplify and secure payment of their fuel, toll, lodging
and other general payables. With its proprietary payment acceptance
networks, FLEETCOR provides affiliated merchants with incremental sales
and loyalty. FLEETCOR serves businesses, partners and merchants in North
America, Latin America, Europe, and Australasia. For more information,
please visit www.FLEETCOR.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181004005480/en/
Source: FLEETCOR Technologies, Inc.
Investor Relations
Jim Eglseder, 770-417-4697
Jim.Eglseder@fleetcor.com