Comdata(R) Announces State of Texas as New Fleet Customer.BRENTWOOD, Tenn. -- Comdata(R) Corporation, a leading provider of payment systems for the transportation and retail industries, has been retained by the state of Texas as its fleet card provider. Comdata will provide a seamless tax-exempt program through its alliance with TransMontaigne, a supply chain management provider. Comdata will also provide fuel discounts and line-item detail for the state's 30,000 vehicles under a four-year contract. "Comdata's fuel discount program, as well as its large network of auto-related goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. , was really attractive to us when we began looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a fleet card provider," said Jim Scogin, state council on competitive government for the state of Texas. "We believe we'll see significant savings in our fleet program." The Comdata card will have universal acceptance in the Mastercard network for all vehicles that apply. The card will also be available for auto-related goods and services. "With one report, the state will be able to monitor all expenses associated with the large fleet program by using the Comdata card," said Randy Morgan, senior vice president and general manager, Comdata Business Services. About Comdata Corporation Comdata(R) Corporation (www.comdata.com) is a leading business-to-business issuer and processor of payment cards, primarily in the retail and transportation industries. Comdata's range of products and services include fleet, fuel, purchasing, T&E, payroll/reimbursement, EBT EBT See: Earnings Before Taxes , gift and loyalty cards and processing. A full-service merchant processor, Comdata's platforms support both its proprietary card networks as well as processing for any card tender a merchant may accept. Headquartered in Brentwood, Tenn., Comdata employs more than 1,600 people nationally and internationally. Comdata is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Minneapolis-based Ceridian Corporation (NYSE NYSE See: New York Stock Exchange : CEN CEN - Conseil Européen pour la Normalisation. A body coordinating standardisation activities in the EEC and EFTA countries. ). About Ceridian Ceridian Corporation (NYSE: CEN) is an information services See Information Systems. company serving businesses and employees in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and Europe. Ceridian is one of the top human resources outsourcing companies in each of its markets, and offers a broad range of human resource services, including payroll, benefits administration, tax compliance, HR information systems and employee advisory programs. Through its Comdata subsidiary, Ceridian is a major payment processor and issuer of credit cards, debit cards and stored value cards, primarily for the trucking and retail industries in the United States. www.ceridian.com |
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