Comdata, a US-based provider of a comprehensive suites of payment solutions, has unveiled Virtual Comchek, a digital payment solution that offers fleets a new way to enable their drivers to make on-demand payments.
This new solution is part of Comdata’s growing suite of digital payment products that allows drivers to focus on the road ahead.
A major provider of fleet management and B2B payment solutions, Comdata claims to be the largest fuel card provider and second largest commercial issuer of MasterCard in North America.
The Virtual Comchek is the next step in the digital evolution of the legacy paper Comchek, first launched in 1972 as an easy way for drivers to make on-demand payments on behalf of the fleet.
An instant digital payment card accessible by mobile phone
With Virtual Comchek, instead of using a paper Comchek “draft” to facilitate payment, fleets will send an instant digital payment card that drivers can access on their mobile phone.
The Virtual Comchek is accepted by over 100,000 merchants across the United States for on-demand expenses like vehicle repair, roadside assistance, vehicle parts, wholesale equipment, and warehouse expenses.
Promising lower operational costs, more security and convenience
Justin King, senior vice president of Product and Innovation at Comdata, said:
“Even though our paper Comchek product has been a staple of the industry for almost 50 years, we challenged ourselves to digitise the experience while bringing our customers lower operational costs, more security and convenience.
“The Virtual Comchek was created to take those benefits a step further for our customers, giving both drivers and fleets greater control, visibility, and access to funds when it’s needed most.”
Driven by a need for more mobile payment solutions and digital transformation priorities within the transportation industry, the Comdata Virtual Comchek offers maximum flexibility and accessibility of funds for operators.
“Covid-19 is a big concern of drivers and suppliers right now, and Virtual Comchek also allows drivers to reduce the need to exchange physical checks and documents with suppliers for peace of mind,” King said.