Benzinga | Jun 29, 2021 09:08AM EDT

FLEETCOR's Cambridge Global Payments Reports Partnership With Steamchain, No Terms Disclosed

Cambridge Global Payments ("Cambridge"), a FLEETCOR company (NYSE:FLT) and a provider of integrated cross-border payments and currency risk management solutions, and Steamchain Corp. ("Steamchain"), a technology platform focused on helping to reduce the cost of currency conversion, currency fluctuation risk and cumbersome document flow, are pleased to announce they have partnered to bring a tailored solution to help companies in the global shipping and logistics industries, simplify sending and receiving payments with their global partners.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210629005002/en/

"We see a unique opportunity to partner with Steamchain and their forward-thinking payments technology," said Don Banowetz, Vice President, Enterprise Sales at Cambridge Global Payments. "This partnership delivers a unique offering for the shipping and logistics industry to leverage Cambridge's comprehensive globally delivery capabilities alongside Steamchain's innovative platform to move money around the world fast and efficiently."

"Steamchain Corp. is excited to partner with Cambridge Global Payments as it aspires to bring reduced costs to any company conducting international commerce by simplifying the process of sending or receiving cross-border payments, with a cost effective, fast and smart solution," said Dan Biggs, CEO Steamchain Corp.