'The continued growth of the fuel consortium is another example of Comdata’s commitment to the fleet industry as its trusted, independent partner.' -Randy Morgan, Comdata Executive Vice President
Brentwood, TN (PRWEB) October 01, 2013
Comdata Corporation, a leader in payment innovation, is pleased to announce its agreement with The Pantry to expand the Comdata Fuel Consortium (CFC) network. Developed by Comdata in 2008, the CFC is a nationwide network of 30,000 retail fuel locations offering an automatic price-per-gallon discount to Comdata MasterCard® Corporate Fleet Card customers.
The Pantry is one of the nation’s largest convenience store chains and the leading independently operated chain in the southeastern United States. As of August 6, 2013, The Pantry operated 1,559 stores in thirteen states under select banners, including its primary operating banner Kangaroo Express. Through the CFC network, The Pantry offers all Comdata MasterCard Corporate Fleet Card customers a discount on gasoline and diesel purchases.
Through the agreement with The Pantry, Comdata has further expanded the CFC network by more than 5,000 locations this year. Comdata was the first to market this discounted network for its MasterCard fuel card customers, symbolizing its commitment to its customers and the industry. The idea for the fuel consortium originated from Comdata’s client advisory board, a group of customers from whom Comdata solicits feedback on the company’s solutions and industry trends.
“The continued growth of the fuel consortium is another example of Comdata’s commitment to the fleet industry as its trusted, independent partner,” said Randy Morgan, Comdata Executive Vice President. “Our fleet customers are able to save money on fuel costs, one of the largest and most variable expenses in the business. Additionally, the CFC allows merchants like The Pantry to drive more business to their locations, with no additional costs other than the discount extended to customers.”
The Comdata MasterCard is issued by Regions Bank, pursuant to a license by MasterCard International Incorporated. MasterCard is a registered trademark of MasterCard International Incorporated.
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, healthcare, virtual card, and prepaid solutions to over 30,000 customers. 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 over $60 billion in payment volume. Founded in 1969 and headquartered in Brentwood, Tennessee with more than 1,200 employees globally, Comdata and SVS are wholly-owned subsidiaries of Ceridian Corporation.