Brentwood, Tenn. (PRWEB) March 07, 2014
Comdata Inc., a leading provider of innovative electronic payment solutions, announced that the Comdata Payroll MasterCard® was named the 2014 Paybefore Awards winner for “Best in Category – Outstanding Pay Solution”.
For the past eight years, Paybefore Awards has recognized excellence in the worldwide prepaid, mobile and emerging payments industry. The awards are presented annually by Paybefore, whose publications are the leading source of industry information for alternative payments executives.
Mark Schatz, executive vice president and managing director for Comdata commercial payments, expressed his delight in having the Comdata Payroll MasterCard® chosen as a Best-in-Category Paybefore Awards Winner.
“We are honored to have Paybefore recognize the value of our payroll MasterCard and the cost-savings that it brings to our customers,” Schatz said. “Our payroll MasterCard demonstrates our commitment to payment innovation and the commitment to helping our customers reduce expenses.”
The Comdata Payroll MasterCard® vied for Best-in-Category against two other Outstanding Pay Solution winners, for top honors, but only one company from each of the twenty categories would be named Best-in-Category.
To decide the winning outcome, the finalists in each category were voted upon by a panel of five judges, along with a sixth judge, which comprised more than 11,000 online votes for Best-in-Category via Paybefore.com. Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel noted that an industry is only as good as its innovators.
“As in years past, this competition showcases the strides our industry continues to make in advancing financial inclusion, helping businesses and government overcome challenges and finding new ways to provide value through electronic payments,” DeBonis noted.
The Comdata Payroll MasterCard® is a feature-rich electronic pay solution, combined with focused, proactive training and communication which drives higher employee adoption rates and double digit savings for Comdata customers.
Paybefore is the leading information provider to prepaid, mobile and emerging payments industry professionals, offering the latest news, commentary and analysis. Paybefore’s family of industry publications includes: Paybefore.com; Pay NewsTM; Pay GovTM; Pay WeekTM; Pay Op-EdTM; Pay MagazineTM, a biannual print publication featuring in-depth articles on the opportunities, challenges and trends in the global payments industry; and the only industry directory, Pay ConnectTM buyer’s guide, available online and in print.
Comdata is a leading business-to-business provider of innovative electronic payment solutions. As an issuer and a processor, Comdata provides fleet, corporate payment, healthcare, virtual card, and prepaid solutions to over 30,000 customers. Comdata’s SVS division is a global gift card and loyalty innovator that manages over 600 million cards and processes over 1 billion transactions from over 45 countries and in 26 currencies worldwide every year. Founded in 1969 and headquartered in Brentwood, Tenn. with more than 1,200 employees globally, Comdata enables over $60 billion in payment volume annually.