Cardless technology is the way of the future in fuel transaction processing.
Brentwood, TN (PRWEB) August 01, 2012
Comdata announced today it is processing live customer transactions via its cardless fueling technology, representing an industry breakthrough in cardless fueling. This first transaction occurred yesterday at the Love’s Travel Stop in Pauls Valley, Okla.
The Comdata cardless solution automates the fueling process and data entry requirements with the use of a cost-effective RFID tag. This allows drivers to spend less time at the pump and greatly reduces the risk of fraudulent transactions by automatically shutting the fuel pump off when the truck pulls away. Comdata clients benefit from the same industry-leading controls and limits that come with a physical Comdata Card when using the cardless solution.
Love’s is near completion of enabling all 292 locations to accept cardless transactions. In addition, Travel Centers of America (TA) is in the process of equipping all of their locations to accept cardless transactions.
“Comdata redefined the marketplace by introducing the first universally accepted fuel card for the transportation industry in 1981, and we continue to look for ways to bring innovation to the industry. Cardless technology is the way of the future in fuel transaction processing,” said Steve Stevenson, president of Comdata. “Our vision is to provide an industry-wide solution that is deployed on an open platform; allowing all merchants, billing card companies and fleets to take advantage of a flexible platform. As a trusted, independent partner with over 40 years of experience and understanding of the transportation industry, Comdata continues to invest in and deliver pioneering solutions to make the fuel transactions easier, faster and more secure than ever before.”
About Comdata Corporation
Comdata Corporation is a leading business-to-business provider of innovative electronic payment solutions. As an issuer and a processor, the company provides fleet, corporate payment, virtual card, and prepaid solutions to over 25,000 customers, enabling more than $31 billion in transactions annually. Comdata captures and reports detailed transaction data, giving customers unprecedented control over their expenses. In 2012, Comdata joined forces with Stored Value Solutions (SVS) to offer an expanded suite of prepaid gift card and loyalty solutions. Annually, the combined company enables $42 billion in payments volume and produces 580 million cards. Founded in 1969 and headquartered in Brentwood, Tennessee with more than 1,200 employees in the United States and Canada, Comdata and SVS are wholly-owned subsidiaries of Ceridian Corporation.