Brentwood, Tenn. — June 26, 2013 – Comdata Corporation, a recognized leader in payment innovation, today announced that Lowe’s has chosen the company to provide store fleet and fuel payment solutions. Lowe’s is the second-largest home improvement retailer in the world, operating more than 1,750 stores in the United States, Canada and Mexico.
“We selected Comdata based on their history and experience with the fleet industry,” said Brian McIntosh, director of delivery and fleet for Lowe’s. “Comdata’s program includes some key benefits that meet our needs, including fuel discounts and other fuel management resources that we believe will help us operate more efficiently.”
With a mixed fleet of more than 5,000 vehicles, Lowe’s chose to implement the Comdata MasterCard® Corporate Fleet Card program, which provides universal acceptance and data rich reporting. The program also includes access to Comdata’s nationwide network of discount locations, as well as real-time awareness of transaction activity and driver behavior with Comdata FleetAdvance.
“We are excited to deliver our fleet card solution to Lowe’s,” said Randy Morgan, executive vice president, Comdata. “We understand that fuel can be one of the most variable expenses for a fleet, so as a company we strive to deliver as much value and insight as we can around each purchase transaction.”
About Comdata Corporation
Comdata Corporation is a leading business-to-business provider of innovative electronic payment solutions. As an issuer and a processor, the company provides fleet, corporate payment, healthcare, virtual card, and prepaid solutions to over 30,000 customers. Comdata captures and reports detailed transaction data, giving customers unprecedented control over their expenses. In 2012, Comdata joined forces with Stored Value Solutions (SVS) to offer an expanded suite of prepaid gift card and loyalty solutions. Annually, the combined company enables over $50 billion in payment volume. Founded in 1969 and headquartered in Brentwood, Tennessee with more than 1,200 employees in the United States and Canada, Comdata and SVS are wholly-owned subsidiaries of Ceridian Corporation.