BRENTWOOD, Tenn.--(BUSINESS WIRE)--Comdata Inc., a leader in payment innovation, today introduced Comchek® Mobile, an innovative digital platform designed to enhance the simplicity, speed and security of fund transfers between companies and individuals in the trucking industry. Through the Comdata Proprietary Network, Comchek Mobile users can send, receive and access funds via their Comdata Card and an easy-to-use smartphone app that work seamlessly together to simplify payments for driver advances, settlement, lumpers, repairs and other common over-the-road needs.
Comchek Mobile builds upon the simplicity of Comdata’s Comchek® Express Checks—a paper-based money transfer system that has been one of the most widely accepted in the industry for more than 40 years—while adding significant modern enhancements for users.
Shippers, brokers and 3rd Party Logistics firms (3PLs) can easily set up and then distribute payments to carriers and drivers in the system by entering their unique Comchek Mobile user IDs. Rather than storing recipients’ banking information, senders can quickly deliver advances and settlement directly to a Comdata card using Comchek Mobile. The system also provides carriers a fast electronic method of receiving payments and forwarding funds to drivers on the road. Payments can be captured in a single balance and sent via peer-to-peer (P2P) transfers to a driver’s Comdata card in addition to a variety of other uses. Funds can also be sent directly to lumper service companies if needed.
“We’ve seen rapid growth in electronic and peer-to-peer transactions throughout the global economy, as well as within the trucking industry itself,” notes Greg Secord, President of North American Trucking at Comdata. “Comchek Mobile brings this modern functionality to our customers, giving them an easier way to send and use the funds they need, when they need them.”
Using Comchek Mobile, drivers will have faster access to their funds for point-of-sale purchases, ATM withdrawals, bank transfers, and discounted fuel and hotels at Comdata Proprietary Network locations. Users can also use the mobile app to check the balance on existing express codes and apply those funds directly to their Comdata Card debit balances.
In addition to providing payment flexibility for both senders and receivers, Comchek Mobile delivers security and transparency in their payments operations. All users on the network are authenticated and approved, and their unique user IDs ensure that all transactions can be verified and tracked. Similar to a banking app, Comchek Mobile features reporting functionality that provides total visibility into how, when and where funds are used, including confirmation of all funds sent and received. Early customer experiences have validated these crucial benefits.
“Using Comchek Mobile, we have significantly reduced the amount of time it takes to distribute funds to drivers,” said Sue Schoenthaler, Logistics & Operation Manager at Evans Delivery. “More importantly, the system has helped eliminate extra administrative work for our clients, which ultimately saves them money they can reinvest in their businesses.”
“Our objective in building a modern, automated payment experience for our customers is to make it easy to securely receive funds, manage balances and spend available balances,” continued Secord. “As our industry evolves, Comdata will continue to innovate around ways to position brokers, fleets, drivers and independent owner/operators for success.”
For more information about Comchek Mobile, visit www.comdata.com/comchekmobile.
Comdata Inc. is a leading provider of innovative payment and operating technology that drives actionable insights from spending data, builds enhanced controls and positively impacts its clients’ bottom lines. The company partners with more than 30,000 businesses to better manage $55B in annual fleet, corporate purchasing, payroll and healthcare spending, making it one of the largest fuel card issuers and the second largest commercial MasterCard provider in the United States and Canada. Founded in 1969 and headquartered in Brentwood, Tennessee, Comdata employs more than 1,300 professionals across North America. To learn more about Comdata, Inc., visit www.comdata.com.