Company:Comdata
| Type | Private |
|---|---|
| Founded | 1969 |
| Founder | Curtiss W. Harter Jr. |
| Headquarters | Brentwood, Tennessee , |
| Parent | Fleetcor |
Comdata is a payment processor and issuer of fleet fuel cards, corporate spend cards, paperless payroll cards ("pay cards"), virtual payments, and trucking permits.
History
Comdata was founded in 1969 by Curtiss W. Harter Jr. It began in the trucking industry. Still current customers cover the most significant industries in the United States , including retail, hospitality, restaurants, construction, government, healthcare, and education.
Customers can use corporate cards to manage any purchases that a company makes. Comdata's expense management system allows administrators to set limits on cards, restricting usage to specific merchants, dollar amounts, and number of transactions.
Virtual payments are claimed to be secure and easy to administer and reduce the risk of an unauthorized user compromising card information. They also reduce the number of checks a purchasing department has to process for vendors.[citation needed]
Comdata was a subsidiary of Ceridian[1] but was acquired by Fleetcor for $3.45 billion in December 2014 and is headquartered in Brentwood, Tennessee.[2]
References
- ↑ News, Bloomberg (August 25, 1995). "Ceridian to Acquire Comdata Holdings for $900 Million in Stock". https://www.nytimes.com/1995/08/25/business/ceridian-to-acquire-comdata-holdings-for-900-million-in-stock.html.
- ↑ "FleetCor Completes Acquisition of Comdata | FLEETCOR Technologies, Inc". https://investor.fleetcor.com/news-releases/news-release-details/fleetcor-completes-acquisition-comdata/.
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