John Kingston
Monday, May 4, 2026
Card provider WEX reaches deal with activist investor; CEO Smith to stay
WEX and an activist investor ended their proxy battle with Impactive to get three board seats.
WEX and an activist investor ended their proxy battle with Impactive to get three board seats.
A Corpay appeal of a lower court ruling on deceptive practices was swatted away by a 3-judge panel.
Fleet fuel card provider Corpay said its North American fleet business “presented a drag on growth” during the second quarter.
Corpay’s first-quarter fleet transaction revenue declined 15% year over year to $108 million.
The acceleration of B2B payments has stressed travel & expense payment tracking, but Fintech solutions can help.