i3 Commerce Technology and Comdata Ink Deal
i3 Commerce Technology, a merchant acquiring ISO, announced today a formal referral agreement with Comdata, a recognized leader in payment innovation. This partnership will allow Comdata clients to grow their commercial ePayables business by increasing supplier enrollment and participation.
“This relationship will help Comdata drive increased value for our clients by allowing us to capture previously unattainable vendor spend,” said Mark Schatz, executive vice president, Comdata. “Together, we will offer pre-negotiated discounted processing so suppliers can minimize processing fees, thus resulting in greater spend for our clients and simultaneously improving their bottom line.”
“i3 Commerce Technology’ partnership with Comdata allows us to continue our rapid expansion in the commercial and purchasing card processing space,” said Ryan Rybolt, president, i3 Commerce Technology™. “Through this partnership we can deliver our industry expertise and payment technologies to businesses that are relatively new to the card acceptance world.”
i3 Commerce Technology™ has emerged as an industry leader in processing corporate and purchasing card payments, which is the fastest growing segment in the payment processing industry. Customers minimize processing fees with i3 Commerce Technology’ transparent Cost-Plus Pricing structure and by utilizing the secure payment interface that supports Level III and Large Ticket qualification. The partnership with Comdata enables i3 Commerce Technology™ to extend this product offering to corporations who are converting vendor payments over to ePayables.
Learn more about Comdata’s Virtual Payments program in this video.
About i3 Commerce Technology™
Ranked as one of Inc. Magazine’s Fastest Growing Companies, i3 Commerce Technology™ was founded on the principles of offering the very latest in payment technology and industry expertise through an expansive network of representatives. Payment processing solutions include retail, commercial and purchasing cards, mobile and online processing. i3 Commerce Technology™ supports integration with nearly all ERP and POS systems, smartphone platforms and e-commerce and shopping cart providers.
Comdata 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.
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