Comdata helps those with a long way to go and a short time to get there. The subsidiary of Ceridian is a payments processor and Mastercard issuer that mainly serves the trucking industry. It provides fleet charge cards and real-time reporting of transaction information. Comdata also offers payroll and logistical consulting services. Comdata Cards also allow for quick fuel-ups via its point-of-sale and pay-at-the-pump technologies, and can be used for repair charges, travel reimbursement, and regulatory compliance reporting. The company goes beyond the trucking industry to offer retail, loyalty, and other card services to the aviation, retail, government, construction, health care, and hospitality sectors.
Each year Comdata handles more than $30 billion in fleet card, credit card, and other payment transactions. There are some 1.5 million active Comdata cards around the US and Canada, serving more than 25,000 customers.
Comdata makes full use of technology and the company is focused on innovation and developing new services for customers. The company offers bells and whistles on many of its services, from DVD gift cards (which combine DVD content with "traditional" gift cards) to its payroll services that allow companies to transfer pay to unbanked employees using the Comdata Card. Other new products and services include cardless fuel transactions.
The company also rolled out enhanced reporting and control services to help fleets and owners manage purchases of diesel exhaust fluid and other alternative fuels. The new services are aimed to help customers as new fuel efficiency standards and initiatives in the industry evolve.
In 2012 Comdata expanded its prepaid business and teamed with sister company Stored Value Solutions to offer an expanded line of prepaid gift card and loyalty card services.
Comdata was founded in 1969 by C.W. Harter, who had a mission of providing computerized dispatching services to moving companies. It was acquired by Ceridian in 1995. Investment firm Thomas H. Lee Partners and insurer Fidelity National Financial own the companies. – less
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