BRENTWOOD, Tenn. & CINCINNATI, Ohio--(BUSINESS WIRE)--Comdata, a global leader in B2B payment technology and one of the largest virtual credit card providers in the world, has renewed its partnership with Infintech, a leading B2B merchant services provider. Infintech provides a wide array of services to Comdata clients and their vendors to help improve their ability to accept virtual credit cards for payment.
“Vendor acceptance is the ‘last mile’ in ePayables,” said Meitra Aycock, VP of Product and Strategy at Comdata. “Our mission is to remove as much friction as possible between buyers and suppliers and Infintech has become a key piece of the puzzle for us. Their ability to help suppliers reduce acceptance costs and streamline processing is incredibly valuable.”
Enabling clients with a merchant services partner allows Comdata to maximize the number of vendors who accept Comdata virtual cards as a form of payment. Currently, there are approximately 800,000 vendors in Comdata’s virtual card network. Maximizing vendor enrollment leads to more cost savings, fewer paper checks and more rebate revenue.
“We have industry data that shows we are able to enroll nearly three-times the vendors for virtual card payments for our clients compared to the market average,” said Aycock. “We have an expert internal enrollment team, plus multiple proprietary services and technologies that allow us to do that – keeping Infintech as a partner is critical to maintaining that strength.”
“We’re eager to continue working with Comdata’s clients and their suppliers to make accepting card payments easier and less expensive,” said Ryan Rybolt, CEO of Infintech. “Our two companies share a common culture around innovation and we’ve jointly developed solutions that are making life better for payables and receivables teams all over the country.
Comdata, a FLEETCOR company (NYSE: FLT), is a leading provider of innovative B2B payment and financial technology. By combining its unique capabilities in technology development, credit card issuing, transaction processing and network ownership, the company helps clients build electronic payment programs that positively impact their bottom line and operate their businesses more efficiently. Comdata is the second largest commercial issuer of Mastercard, and the largest fuel card issuer, in North America. For more information, visit www.comdata.com.
Infintech, an i3Verticals company, is a leader in commercial payment processing. Infintech offers first-class payment integration and cutting-edge technologies. Infintech partners with approximately 6,000 businesses nationwide processing 21M annual transactions, representing more than $3B in annual credit card volume. Visit www.infintechllc.com.