Also, if you are a major fleet leasing company or
a major oil company, we're looking at opportuni- ties with you in different parts of the globe. We're right now processing transactions for BP in Asia- Pacific and with Caltex, which is primarily owned by Chevron, in Asia-Pacific. We would like to believe that as we continue to grow our business on the fleet card side we can provide services to those leasing partners and their international fleets. And with our other products related to travel, such
as our virtual cards, we provide solutions to people like Expedia, Priceline and Orbitz and a lot of that business is already international. So, that if you book a hotel with Expedia and you want to go to Asia-Pacific, we're typically involved with helping them pay their vendors when you check into that hotel site.
NPN: What's the philosophy when you're expand- ing to make sure that you're staying within your core competency and customer needs?
Dubyak: It starts with the strategy and in decid- ing to make sure we still want to be a leader in fleet
cards, at least in the Americas, and then find those geographic opportunities internationally to expand our fleet card program and then look at our other payment solutions and do the same thing.
NPN: How's business in the current economy and what do you see happening in the near future par- ticularly on the fleet side of the business?
Dubyak: When we reported earnings last quarter, we talked about the fact that we have seen a slow- down with our existing customers. I think with the economy being sluggish we are not immune to the fact that we are seeing a very steady, but slow, recovery and I think a lot of other people are saying the same thing. The good news is that we continue to bring on new business, and we're probably attracting somewhere between 400,000 to 500,000 new vehicles this year in the Americas. We're kind of waiting for the big turn to happen in the econo- my to make it stronger and put people back to work; maybe then we'll see some growth among our existing customer base.
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