Comdata Achieves Several Growth Milestones in the Payments Industry
Comdata Corporation, a leader in payment innovation, announced yesterday 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.
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.
Click here to view the entire Comdata press release.
Comdata has been in the payment industry space for over 40 years and is still witnessing tremendous growth. The payments industry as a whole will continue to grow, as more companies strive to streamline the procure-to-pay cycle in an effort to procure goods and services quickly, reduce transaction costs, track spending and improve compliance, capture supplier discounts, reduce petty case and more.
Purchasing Cards (P-Card) are one tool that companies are utilizing to streamline the procure-to-pay cycle. PayStream is currently gearing up for a third quarter report on (P-Card) solutions. P-Card report topics covered will include:
- · Corporate Card / Travel Card
- · One Card
- · Fleet Card
- · Ghost Card
- · Prepaid Card / Payroll card
- · Declining Balance Card
- · Virtual Cards
Contact Mark Colwell to learn more about the upcoming Purchasing Card report.
