AC Milan and Corpay, Inc. (NYSE: CPAY) announced that Corpay's Cross-Border business has entered into a long-term agreement to extend their collaboration as Official Commercial Foreign Exchange Partner of the football club.

The partnership extension continues a relationship that began three seasons ago between the Italian football club and the corporate payments company. Corpay Cross-Border provides foreign exchange and cross-border payment services to businesses globally.

"We are delighted to continue our journey alongside Corpay, renewing a partnership that reflects our shared goal of strengthening connections with a global audience, building meaningful relationships and continuing to evolve with a forward-looking vision," said Maikel Oettle, Chief Revenue Officer of AC Milan.

Brad Loder, Chief Marketing Officer of Corpay Cross-Border Solutions, stated: "Over the past three seasons, we've had the privilege of serving as the Official Commercial FX Partner of the Rossoneri. We're proud of the trust the Club's teams have placed in us, and delighted to extend this relationship for multiple years with one of the most successful clubs in the sport's history."

Corpay is a global S&P 500 corporate payments company that helps businesses and consumers manage expenses including vehicle-related costs, travel expenses, and vendor payments. The company's Cross-Border division refers to a group of legal entities owned and operated by Corpay, Inc.

The announcement was made through a press release statement from both organizations.