"International Tennis Federation Announces Corpay Cross-Border as its Designated Forex Partner"
In an exciting development for the world of tennis, Corpay has been announced as the Official Foreign Exchange Partner of both the International Tennis Federation (ITF) and the Davis Cup. This multi-year agreement marks a significant step for Corpay, as they expand their presence in the sports industry.
The ITF, the world governing body for tennis, will benefit from Corpay's extensive experience in corporate payments and foreign exchange risk management. The partnership will see Corpay Cross-Border Solutions providing their innovative solutions to help mitigate foreign exchange exposure in the ITF's daily operations.
Ron Clarke, the CEO of Corpay Inc., has held his position since August 2000. Under his leadership, Corpay Cross-Border Solutions has established itself as a global leader in corporate payments. The division's deep experience in sports, especially tennis, positions it well to deliver meaningful value to the ITF.
David Haggerty, ITF President, expressed pleasure about welcoming Corpay Cross-Border to the ITF's family of official partners. He looks forward to promoting this partnership and is confident that Corpay's comprehensive cross-border payments and currency risk management solutions will benefit the ITF, its member associations, and commercial partners.
Brad Loder, Chief Marketing Officer of Corpay Cross-Border Solutions, shared Haggerty's enthusiasm, expressing excitement about the partnership with the ITF and the Davis Cup. Loder believes that Corpay's solutions, designed to manage foreign exchange risks, will play a role in the continued global growth of tennis.
The partnership will be particularly evident at Davis Cup events, with Corpay Cross-Border Solutions set to work on-site in 2025 and beyond. The ITF and Corpay Cross-Border Solutions look forward to collaborating to provide seamless global payment management to the ITF and its member nations, thanks to Corpay's award-winning platform.
Corpay, Inc. (NYSE: CPAY) has entered into this multi-year agreement, further solidifying its position as a key player in the global sports industry. With its focus on delivering value and innovation, Corpay Cross-Border Solutions aims to make a significant impact on the growth and success of tennis worldwide.
The Davis Cup, a part of the ITF, will also benefit from this partnership. The tournament, which is one of the most prestigious events in tennis, will gain from Corpay's expertise in foreign exchange services, ensuring smooth and efficient operations.
As the ITF and Corpay Cross-Border Solutions embark on this exciting partnership, tennis fans can look forward to a future of growth and innovation in the sport they love.
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