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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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Ewing Automotive Case Study
Payments AutomationCommercial Cards

Ewing Automotive Case Study

See how Ewing Automotive modernized AP, reduced fraud risk, and earned monthly rebates with Corpay's full-service automation platform.

Corpay Joins UK’s Elite Faster Payments Service

Corpay Joins UK’s Elite Faster Payments Service

Access to FPS will accelerate local GBP transactions and enhance multi-currency capabilities for Corpay's clients across the UK

CNBC: Dollar weakens after strong rally as U.S. government shutdown looms

CNBC: Dollar weakens after strong rally as U.S. government shutdown looms

"History would suggest that a short-lived government shutdown should have a relatively modest impact on the economy and on currency markets," said Karl Schamotta, chief market strategist, at Corpay in Toronto.

Reuters: Dollar retreats, consolidates earlier gains, amid US govt shutdown risk

Reuters: Dollar retreats, consolidates earlier gains, amid US govt shutdown risk

"Traders are largely ignoring the risk of a government shutdown, and are instead fading last week's dollar rally in anticipation of some softer labor market data releases in the days ahead," said Karl Schamotta, chief market strategist, at Corpay.

Marketwatch: Why ‘stubbornly optimistic’ investors are brushing aside the threat of a government shutdown this week

Marketwatch: Why ‘stubbornly optimistic’ investors are brushing aside the threat of a government shutdown this week

Corpay chief market strategist Karl Schamotta described U.S. government shutdowns in general as "typically more farce than tragedy."

Corpay and Mastercard Move Extend Near Real-Time Payments to New Markets

Corpay and Mastercard Move Extend Near Real-Time Payments to New Markets

Corpay’s business and financial institutional clients will benefit from near-real-time payouts to 22 new markets, leveraging Mastercard Move’s extensive network.

Smarter payments. Stronger growth. Keep business moving.

See how corpay brings AP, card programs, lodging, fleet and cross-borders together