Comdata Launches Merchant Bank Card Processing Capability with Acquisition of Tranvia.BRENTWOOD, Tenn. -- Comdata Corporation, a leading provider of electronic payment transactions, announces its capability to provide full-service payment processing for merchants with the closing of 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 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 Comdata. Tranvia currently serves a range of merchants nationally and is also a direct provider of processing services to financial institutions, independent sales organizations This article or section deals primarily with the English-speaking world and does not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , and providers of stored value payment products for educational institutions. With Tranvia, merchants can better manage their payment acceptance needs--with easy-to-use online reporting, value-added merchant services Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses. In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the customer's credit or , and superior customer support. The comprehensive platform also offers broadband processing capabilities for high-speed transactions. "This is a logical adjacent product to our gift card, fuel card and other card offerings in our retail and transportation markets. This acquisition will allow Comdata to offer the enhanced services Enhanced service is service offered over commercial carrier transmission facilities used in interstate communications, that employs computer processing applications that act on the format, content, code, protocol, or similar aspects of the subscriber's transmitted information; that our merchants have been asking us to provide," Gary Krow, Comdata president, said. "But equally important, this is a natural progression in our company's development as we open new markets and stage growth from our core strengths: transaction depth, system stability and redundancy, strong customer service performance." "Tranvia has invested in the development of an outstanding processing platform," Andrew Park, Comdata senior vice president, Product and Strategy, said. "This acquisition gives Comdata the flexibility and control to deliver superior functionality to merchants of all types. In addition, our BusinessLink customers will benefit from Comdata's expanded presence at the point of sale, which enables us to provide enhanced line-item purchase detail and gives them more of the consolidated data management they need." Tranvia is based in Rock Island, Ill., and has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Philadelphia and Hanover, N.H. About Comdata Comdata Corporation (www.comdata.com) is redefining the movement of money and information through technology for businesses, their customers and employees. A leading provider of transaction and payment services, Comdata provides credit and debit processing and reporting for commercial fleets and merchants, electronic cash, gift and smart/chip card programs for retailers and governmental agencies, Comchek eCash payroll services for food, retail and other service industries, and point-of-sale equipment, software and auxiliary auxiliary In grammar, a verb that is subordinate to the main lexical verb in a clause. Auxiliaries can convey distinctions of tense, aspect, mood, person, and number. services for merchants and convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. . Headquartered in Brentwood, Tenn., Comdata employs more than 1,500 people nationally and internationally. Comdata is a wholly owned subsidiary 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 Tranvia Tranvia, Inc. (www.tranvia.com) is a full-service transaction processor that offers creative solutions to meet the growing industry's needs for next-generation, multi-service processing. Tranvia is a leading provider of a processor-integrated package of credit, debit, pre-paid and e-commerce transaction products. Tranvia has a unique advantage in that it processes all traditional credit cards and gift cards using a single, low-cost, proprietary, integrated processing platform. |
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