October 22, 2019
MAY 29, 2019 – Cambridge Global Payments (“Cambridge”), a FLEETCOR company (NYSE: FLT) and the leading provider of international payments and foreign exchange transactions, is pleased to announce they have been selected by the Boating Ontario Association (“BOA”) board as the endorsed provider of foreign currency exchange and international payments solutions for BOA members across Ontario.
Through this endorsement, BOA’s 500+ member companies will be able to gain access to and utilize Cambridge’s innovative solutions to help mitigate foreign exchange exposure for their day-to-day business needs. Cambridge will also work with the BOA’s qualified members to implement, manage, and hedge against currency market risks in a collaborative and active approach. Additionally, its award-winning trading platform will enable BOA’s qualified members to manage their global payments from a single point of access.
“Cambridge is incredibly excited about our new relationship with the Boating Ontario Association. We are confident that BOA members and their businesses will benefit significantly from improved access to innovative currency hedging and cross-border accounts payable services,” said Mark Frey, President, Cambridge Global Payments. “Boating Ontario is a member-driven organization that we are very proud to be associated with and we look forward to helping their members grow their businesses and find solutions to their cross-border payment and hedging needs.”
“As a pillar of our strategic plan, we are steadfastly committed to bringing new business development tools and additional value to our members and this announcement fits perfectly into those commitments” said Rick Layzell, BOA CEO. “Currency exchange can be a daunting task for any business, today’s announcement backed by Cambridge’s’ proven service promise is another conduit to solutions for members of all sizes.”
About Cambridge Global Payments
Cambridge Global Payments, a FLEETCOR company, is a leading provider of integrated cross-border payment services and currency risk management solutions. As a trusted partner for more than 25 years, Cambridge delivers innovative solutions designed to mitigate foreign exchange exposure and address unique business needs. Our award-winning capabilities and industry-leading technologies simplify the way businesses connect with the global marketplace. As one of the largest bank-independent providers globally, we are flexible and responsive, with offices and applicable licensing and regulatory approvals across North America, Europe, and Australia. Learn more at cambridgefx.com and follow us on Twitter and LinkedIn.
About Boating Ontario
Boating Ontario proudly represents over 500 member companies throughout the province of Ontario including private & municipal marina operators, boat dealers, brokers and suppliers in Ontario’s diverse recreational boating industry. Boating Ontario, through collaboration and partnerships provide all of our members with critical and regulatory support for all aspects of their business through information, advice, direction as well as practical money saving programs. Ultimately our goal is to collaboratively increase the recreational boating market and promote the lifestyle enjoyed by those already involved in the industry. For more information, visit www.boatingontario.ca or contact us at 1-888-547-6662.
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