Origins of the Company

• Comdata is founded by Curtiss W. Harter Jr. on July 17, 1969.
• The company started as a "shipment interchange program for the transport industry." It introduced Comcheck in 1971 after the Western Union strikes.

State before FleetCor Acquisition

• When FleetCor Technologies, Inc. acquired Comdata Inc. last August 2014, Comdata was a "leading business-to-business provider of innovative electronic payment solutions."
• At that time, Comdata was an issuer and a processor that "provides fleet, virtual card, and gift card solutions to over 20,000 customers, has approximately 1,300 employees and enables over $54 billion in payments annually."
• According to Ron Clarke, chairman, and chief executive officer of FleetCor Technologies, Inc then, “Comdata’s virtual payments business will add a completely new growth leg to FleetCor, the combination will result in significant synergies as we implement our operating disciplines to their portfolio of businesses.”
• One of the reasons why FleetCor acquired Comdata is its expanding potential. The acquisition was expected to expand "FleetCor’s North American fuel card business into new, unserved markets."
• Also, it has allowed FleetCor to enter the virtual payments space. FleetCor has foreseen this to be a substantial business. Aside from that, the acquisition was expected to bring a dramatic increase in FleetCor’s overall scale, diversity, and earnings base.

Current State

• In March 2020, Comdata launched Comdata QuickPay which is a "new financing solution that gives fleet owners access to same-day payments on the loads they deliver." This is the "latest payment innovation from Comdata’s offerings of fleet solutions to help fleets meet their financial needs."
• In October 2019, Comdata launched Comdata OneLook which is a "new business intelligence solution which provides both local and trucking fleet managers with more strategic and actionable analytics from their Comdata Fuel Cards."