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Corpay launches paying agent and escrow service
11 June 2026 UK
Image: InfinitefLow/stock.adobe.com
Corpay, a global corporate payments company, has announced that its cross-border business formally launched its paying agent and escrow service.
It is a regulated platform designed to manage the complex, multi-party funds flows that sit at the heart of mergers and acquisitions, and other transactions.
Alex Chernoff, head of Institutional Sales, EMEA at Corpay Cross-Border, says: “There was a clear need for a specialist paying agent and escrow solution for M&A completions. On one side, law firms are less able to offer these services due to rising regulatory demands.
“On the other side, the third-party services that exist are fragmented, requiring clients to bring in additional providers for FX, account management and other functions that should be standard. We built Corpay's service to address both problems: a single, intuitive platform that does everything.”
Joseph Stevens, executive director at Corpay Cross-Border, adds: “The product has grown faster than we anticipated precisely because the need is real and urgent.
“Law firms need to know that their client's funds will be handled by a regulated specialist who can manage multi-party, multi-currency disbursements with precision, and who takes full responsibility for the compliance framework around that process.
“That is what we have built, and that is why we are being brought into transactions at the earliest possible stage.”
It is a regulated platform designed to manage the complex, multi-party funds flows that sit at the heart of mergers and acquisitions, and other transactions.
Alex Chernoff, head of Institutional Sales, EMEA at Corpay Cross-Border, says: “There was a clear need for a specialist paying agent and escrow solution for M&A completions. On one side, law firms are less able to offer these services due to rising regulatory demands.
“On the other side, the third-party services that exist are fragmented, requiring clients to bring in additional providers for FX, account management and other functions that should be standard. We built Corpay's service to address both problems: a single, intuitive platform that does everything.”
Joseph Stevens, executive director at Corpay Cross-Border, adds: “The product has grown faster than we anticipated precisely because the need is real and urgent.
“Law firms need to know that their client's funds will be handled by a regulated specialist who can manage multi-party, multi-currency disbursements with precision, and who takes full responsibility for the compliance framework around that process.
“That is what we have built, and that is why we are being brought into transactions at the earliest possible stage.”
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