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What are local rails, and what are their benefits?

In this article, we’ll dive deeper in the structure of our Multi-Currency Accounts, and the payment rails available. You may have noticed that we refer to them as Corpay’s “Multi-Currency Accounts,” not simply as a “Multi-Currency Account.”

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By Cross-Border
Nov 11, 2025
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Architecture, Engineering, and Construction

Architecture, Engineering, and Construction

One of the world’s foremost firms in Architecture, Engineering, and Construction partnered with Corpay to clear a backlog of intercompany invoices and burgeoning FX risk exposure. The relationship evolved, and now includes many other treasury solutions.

Semiconductor Manufacturing

Semiconductor Manufacturing

A leading semiconductor manufacturer faced substantial challenges in managing foreign exchange risk. They chose to partner with Corpay to implement a robust FX management solution tailored to their specific needs.

Reuters: Investors become inured to policy whiplash, Powell headlines cause limited reaction

Reuters: Investors become inured to policy whiplash, Powell headlines cause limited reaction

“The many twists and turns in U.S. tariff policy since the start of the year have already inured investors to abrupt changes in policy. "Traders and investors have learned to take political posturing with a grain of salt," said Karl Schamotta.

Reuters: Canadian dollar hits a 3-week low as appeal of US assets grows

Reuters: Canadian dollar hits a 3-week low as appeal of US assets grows

"The U.S. dollar (.DXY), is steamrolling all of its major rivals, including the Canadian dollar, this morning after another round of data releases failed to deliver any appreciable evidence of a tariff-led slowdown," said Karl Schamotta.

Is the World Selling America? Looking forward and looking back
Cross-BorderGlobal paymentsRisk management

Is the World Selling America? Looking forward and looking back

We discuss the impact the US tariffs are having on companies as they try to plan for their future. How do you manage your FX when the ability to forecast is diminished, and how can you maintain a healthy outlook as they navigate declining certainty?

BNN Bloomberg: Odds of a BoC rate cut in July are low: Schamotta

BNN Bloomberg: Odds of a BoC rate cut in July are low: Schamotta

Karl Schamotta, chief market strategist at Corpay, joined BNN Bloomberg this morning to discuss the impact of tariffs on the markets.

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