Comdata Corporation Appears on Caspar Weinberger's World Business Review TV Series; Holcombe Discusses Digital Cashflow.

BOCA RATON, Fla.--(BUSINESS WIRE)--Oct. 11, 1999--

Multi-Media Productions (USA), Inc. is proud to announce the appearance of Tony Holcombe, president and CEO of Comdata Corporation, on World Business Review. The weekly television series focuses on business and technology and is hosted by Caspar Weinberger, chairman of Forbes magazine and Secretary of Defense during the Reagan administration. The topic of the discussion is Redefining the Movement of Money. The show debuts Sunday, Oct. 17 at 3 p.m. on CNBC, as paid programming.

"Comdata Corporation was selected to appear on the program because it is blazing the trail toward a more efficient and cost-effective system of funds distribution for the business world," says Clayton Haggit, the show's associate producer.

As the e-revolution continues to shatter traditional business models, another revolution seems to be close on its tail: the electronic-money revolution. In a digital society, paper and metal money seem destined to become obsolete as more and more transactions take place via computers and the Internet. However, a majority of the world still harbors apprehension about conducting transactions electronically. Most of the apprehension seems to be related to a resistance to change combined with a fear that digital transactions are not completely secure.

Comdata Corporation is looking to win over nay-saying consumers and businesses to the digital money revolution with its Comchek(R) eCash product, a multi-use debit card that allows companies to distribute funds electronically to employees who can then access their accounts wherever and whenever they need to spend money.

"(Employees) can use this card to access funds via ATMs, they can go shopping, they can actually draw a check against the card. So, in fact, it becomes a virtual bank account for that employee," Holcombe said.

Comdata is traditionally known for providing funds transfers, fuel purchase, cash advance, and permit service, as well as fleet optimization and routing software to the trucking industry; and point-of-sale and data collection services for the truck stop industry. And with its more than 30 years of experience as a leading provider of these funds distribution and information systems, Comdata appears positioned to be a leader in redefining the entire money exchange system by applying its technology to other businesses, consumers and employees.

With the universally accepted card, cardholders enjoy all the benefits of direct deposit - and some features not currently offered at banks - including: instantly accessing funds using Cirrus (R) ATMs for cash, getting cash back from purchases at participating Maestro(R) locations and accessing phone services such as voice mail, long distance and news, weather and sports.

"We have over 300,000 drivers that receive their pay electronically through this card today. They never actually have to take a paycheck and have it cashed or go to a check-cashing outlet or go to a bank to get funds. Their funds are immediately available to them," Holcombe added.

But, the greater beneficiaries of Comchek eCash more likely will be businesses that drastically reduce the costs associated with payroll and funds distribution. Whether a company sends 1 or 10,000 transactions, funds are available to cardholders instantly in any denomination. Cardholders can even choose how their pay is distributed. They can access up to the entire amount at more than 300,000 Cirrus ATMs, participating Maestro point-of-sale locations, or by simply registering a Comchek draft at any of thousands of participating locations throughout North America.

The system allows companies to send their net payroll file directly to Comdata, or through the Federal Reserve, using their current Automated Clearing House (ACH) provider. Comdata then loads the funds onto a personal Comchek eCash card without the companies or the cardholders ever having to set up individual bank accounts. Once cards are assigned to specific cardholders and are registered in Comdata's database, employers can direct deposit any amount into any number of personal bank accounts.

The universal card looks to eliminate the old payday headaches by reducing check distribution costs and increasing internal control, eliminating the need for paper checks, providing a solution for paying employees who do not have bank accounts, and eliminating inadvertent or fraudulent check distribution to people other than your cardholders. The system also protects cardholders by providing them secure access and removing the risk of having to carry large amounts of cash. It also offers Comdata's customer service 24 hours a day, 7 days a week, 365 days a year.

Companies also can electronically send expense reimbursement funds, or termination funds, to its employees. Cardholders can check their reimbursement amounts at any time by phone, using Comdata's automated toll-free voice response unit (VRU).

Comdata, based in Brentwood, TN, is a wholly owned subsidiary of Minneapolis-based Ceridian Corporation (NYSE: CEN). Ceridian Corporation is a leading information services company that serves the transportation, human resources and electronic media markets.

Comdata's proprietary network handles 63 million transactions, processes $7.2 billion annually, employs over 1,900 employees in 11 locations, and has operations in the United States, Canada, and Mexico.

Taped in Washington, D.C., World Business Review currently airs on PBS, The Business Channel, CNBC as paid programming, and in prime business time slots in numerous Public Television markets, including San Francisco, New York, Denver and Miami. The weekly series can also be viewed on TWA, United Airlines or from any desktop computer via AENTV. Individual videotapes or continuing education systems (via Indiana State University) are available by calling 1-800-WBR-1032 or by visiting www.wbrtv.com, which showcases featured topics and specific companies' technologies.

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