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Comdata Achieves Several Growth Milestones in the Payments Industry
Brentwood, Tenn. — 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.