The company made the announcement at its annual Comdata Exchange user conference in Phoenix, April 8-10.
Comdata has been working on the new card program for nearly a year to help ensure that fleets are in compliance with state payroll laws while giving drivers a better work-lifestyle experience.
Unbanked transactions
Greg Secord, president of Comdata North American Trucking, met with CCJ at the Comdata Exchange conference to provide additional details about the announcement.
For many years, motor carriers have used Comdata card programs to pay for fuel and issue payroll and settlement funds to drivers. Approximately two thirds of Comdata’s largest fleet customers use both its fuel and funding cards, he says.
As a mobile workforce, many drivers prefer to receive pay funds through card programs instead of checks or direct bank deposits. For example, card programs help many fleets distribute pay to the approximately 15 percent of drivers in the workforce who are unbanked, according to a study by ADP, a payroll solutions provider.
