payment processor
A payment processor is a system that enables financial transactions, commonly employed by a merchant, to handle transactions with customers from various channels such as credit cards and debit cards or bank accounts. They are usually broken dow ...
and issuer of fleet fuel cards, corporate spend cards, paperless payroll cards ("paycards"), virtual payments, and trucking permits.
History
Comdata was founded in 1969 by Curtiss W. Harter Jr. It began in the trucking industry, but current customers cover most major industries in the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
, including retail, hospitality, restaurants, construction, government, healthcare, and education.
Corporate cards can be used to manage any purchases that a company makes. Comdata's expense management system allows administrators to set limits on cards restricting usage to certain 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.
Comdata was a subsidiary of
Ceridian
Ceridian HCM is an American provider of human resources software and services with employees in the USA, Canada, Europe, Australia and Mauritius. It is a publicly traded company on the New York Stock Exchange.
History
Ceridian is a descendan ...
but has since been acquired by
Fleetcor
FleetCor Technologies, Inc. is an American company that provides fuel cards and workforce payment products and services. Their customers include businesses, commercial fleets, oil companies, petroleum marketers and government in America, Netherlan ...
for $3.45 billion in December 2014, and is headquartered in