Comdata Launches Merchant Bank Card Processing Capability with Acquisition of Tranvia
BRENTWOOD, TN — Comdata Corp., a provider of electronic payment transactions, announced on March 2 its capability to provide full-service payment processing for merchants with its acquisition of Tranvia, Inc., a merchant processor for credit, debit, pre-paid, and e-commerce activities.
Terms of the transaction were not disclosed. Tranvia will be a wholly owned subsidiary of Comdata.
Tranvia currently serves a range of merchants nationally and is also a direct provider of processing services to financial institutions, independent sales organizations, and providers of stored value payment products for educational institutions. With Tranvia, merchants can manage their payment acceptance needs--with online reporting, merchant services, and customer support. The platform also offers broadband processing capabilities for high-speed transactions.
Tranvia is based in Rock Island, Ill., and has offices in New York, Philadelphia, and Hanover, N.H.