Comdata Corporation Enters Into Agreement with 360FuelCard
BRENTWOOD, TN - Comdata Corporation has announced an alliance with 360FuelCard. The agreement represents a new approach to environmental fleet card products. Comdata will provide corporate fuel cards, as well as the network of fuel and service sites, for 360FuelCard customers. This agreement will enable petroleum marketers to utilize the Comdata platform to expand their commercial fleet programs, while leveraging 360 sales and marketing programs to enhance business at the fuel island and inside the store.
A critical component of the 360FuelCard program is the relationship with Carbonfund.org. 360FuelCard has made an ongoing commitment to give back by donating 10 percent of profits to environmental causes across the U.S., including Carbonfund.org.
"Our alliance with 360FuelCard will help both fleets and petroleum marketers increase efficiency in their operations," said Randy Morgan, senior vice president and general manager of Comdata. "The relationship with Carbonfund.org also helps underscore Comdata's growing commitment to environmentally responsible business practices and helping fleet customers offset the fuel they consume."
"Companies need to purchase fossil fuels for the vehicles that move their goods or carry their salespeople," said Steve Fowler, vice president of business development for 360FuelCard. "We are giving them a way to reduce their carbon footprint by doing something they need to do anyway. All of our cards are produced on recycled plastics, and our reporting and invoicing is done online, reducing the paper needed by many programs."
The 360FuelCard is targeted toward petroleum marketers who want to build their fleet volume without adding in-house sales and marketing functions. The card is universally accepted, but marketers also have the option to join a preferred network for additional benefits. For these retailers, 360 will perform sales and marketing directly to the fleets around their fuel sites, as well as providing marketing campaigns to bring the fleet drivers into the stores.
About Comdata Corporation
Comdata Corporation is a business-to-business provider of innovative electronic payment solutions. As an issuer and a processor, the company enables millions of fleet card, credit card, pay card and virtual card transactions annually. With state-of-the-art technology and redundancy, Comdata captures and reports detailed transaction data, empowering its customers to analyze their spending patterns in order to gain unprecedented control of their expenses. Other Comdata solutions include truck stop point-of-sale (POS) systems, regulatory compliance programs, and receivables financing options. Comdata provides solutions to six primary industries: fleet, retail, government, aviation, construction and restaurant/hospitality. Founded in 1969 and headquartered in Brentwood, Tennessee with more than 1,100 employees in the United States and Canada, Comdata is a wholly-owned subsidiary of Ceridian Corporation.
Ceridian is a global business services organization that offers a comprehensive range of innovative solutions. From human resources and benefits to accredited employee assistance, work-life and health and productivity services, Ceridian helps organizations maximize their human, financial and technology resources. As a leader in payroll outsourcing, gift cards and controlled spending, Ceridian is also a driving force in payment innovation. Whether partnering to improve employee productivity, save money or minimize financial risks, Ceridian's business is to help organizations stay focused on their business.
360FuelCard is a sales and marketing company that partners with petroleum merchants to build profitable fleet business both at the fuel island and inside the store. The company was founded by veterans of the fleet card industry who understand the needs of the merchants who accept the card and the fleets that come to their sites. We believe that companies that sell or purchase fuel as part of their daily operations also want to do their part in offsetting the CO2 produced by the fuel. 360FuelCard is creating a Preferred Network of environmentally conscious petroleum marketers who want to increase their business while making a difference.