Comdata Corporation Expands Gift Card Operations.BRENTWOOD, Tenn. -- Comdata(R) Corporation, through its subsidiary Stored Value Systems, Inc., has acquired SASH Management, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control d/b/a Gift Card Solutions (GCS GCS Glasgow Coma Scale GCS Guilford County Schools (North Carolina) GCS Ground Control Station GCS Grand Central Station GCS Ground Control System GCS Ground Combat Systems GCS Group Communication Systems ) a Salt Lake City, UT based company. Comdata is further expanding its retail division, Stored Value Systems, by acquiring GCS. "We are excited to have GCS as a part of the Comdata family as it allows us to provide solutions to the restaurant and quick service restaurant (QSR QSR Quick Service Restaurant QSR QoS (Quality of Service) Satisfaction Rate QSR Quality System Regulations QSR Quality Status Report QSR Quality System Review QSR Quarterly Status Report QSR Quality System Requirement ) market segments. GCS brings an enormous amount of experience and expertise in these areas," said Bob Skiba, Executive Vice President and General Manager, Stored Value Systems. In 2002, Comdata joined into a strategic arrangement with GCS to service the mid market gift and loyalty segments. Throughout this alliance, SVS SVS - OS/VS2 and GCS have worked together to provide gift card solutions to over 100 restaurant chains and retailers. As a result of this acquisition, existing customers will be able to further benefit from added value services such as credit card processing. GCS was founded and owned by John Bechard. 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, Tennessee, 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). About Ceridian Ceridian Corporation (NYSE: CEN) is an information services company serving businesses and employees in the United States, 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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