Brentwood, TN (PRWEB) May 30, 2012
Comdata Corporation, a leader in payment innovation, announced today that in April the company achieved over $1 billion in monthly MasterCard credit spend volume. Already the number one issuer of MasterCard in the fleet industry, Comdata was recently notified that the company is the second largest corporate large market MasterCard issuer, as well as the overall fourth largest commercial issuer of MasterCard.
“Our innovative use of technology helps us deliver tailored payment solutions to all of our customers, and we are honored to celebrate this achievement with them,” said Steve Stevenson, president of Comdata. “Comdata’s growth and success is a great testament to our valued customers and hard-working associates.”
“After more than 40 years in the payment industry, Comdata is still growing at a rapid pace,” said Randy Morgan, executive vice president of corporate payments. “I believe that our tremendous growth is a direct result of our people listening to the needs of our customers and providing tailored solutions they have requested.”
Founded in 1969, Comdata partnered with MasterCard in 2000 to issue The Comdata MasterCard as the first credit card in the United States with debit capabilities.
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 issues 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. http://www.comdata.com
The Comdata MasterCard is issued by Regions Bank, pursuant to a license by MasterCard International Incorporated. Comdata is a wholly owned subsidiary of Ceridian Corporation and a registered trademark of Comdata Network, Inc. MasterCard is a registered trademark of MasterCard International Incorporated.