Fleet Management News & Business Info | Commercial Carrier Journal
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32 commercial carrier journal | may 2018 C omdata has developed a new multi-purse card that will be replacing its existing card programs that fleets and driv- ers use for fuel purchasing and fund transfers. The company made the announce- ment at its annual Comdata Exchange user conference held last month in Phoenix. Greg Secord, president of Comdata North American Trucking, met with CCJ at the conference to provide additional details. Unbanked transactions For many years, motor carriers have used Comdata card programs to pay for fuel and issue payroll and settlement funds to drivers. About two-thirds of Comdata's largest fleet customers use both its fuel and funding cards, Secord said. As a mobile workforce, many drivers prefer to receive pay funds through card programs instead of checks or direct bank deposits. Card programs help many fleets distribute pay to the approximately 15 percent of drivers in the workforce who are unbanked, according to a study technology by ADP, a payroll solutions provider. Drivers with bank accounts still may want to receive funds on a card so they can make cash withdrawals at truckstop ATMs and other locations on the road. Until now, Comdata has been offering separate fuel and fund cards. Fleets use the fuel card to automate purchase controls and administer discounts. With its Comdata Express Cash card, they issue cash advances to drivers and disburse payroll and settle- ment funds. Payroll compliance States have made payroll laws stricter to protect workers from paying fees to withdraw their earnings from card programs, Secord said. Comdata's Express Cash card has a fee for drivers to withdraw cash from ATMs and from merchants in Comdata's fuel network. With the release of OnRoad, Comdata has combined its fuel and fund transactions into a single card program. The fuel transactions continue to work the same. OnRoad automatically rec- ognizes fuel transactions and charges the amounts to fleets. When drivers use the OnRoad card for a nonfuel purchase, it automatically debits the driver's personal fund balance. In developing OnRoad, Comdata widened its network of ATMs and eliminat- ed third-party surcharges for cash withdrawals. The OnRoad card is accepted everywhere in MasterCard's Signature-Debit network with no transaction fees. Besides complying with the patchwork of state payroll laws, OnRoad meets federal laws such as the Patriot Act that requires a Customer Identification Process to verify cardholders are not on a government "watch list." SINGLE PAYMENT PLAN: Comda- ta's multi-purse OnRoad will replace its existing card programs. EASIER FOR DRIVERS: Fleets can pay them faster to improve their recruiting and retention efforts. GET YOUR SCISSORS: The company plans to sunset its Express Cash card by the end of 2018. MAKING THE LATEST TECHNOLOGY DEVELOPMENTS WORK FOR YOUR FLEET BY AARON HUFF One card does it all Comdata's OnRoad combines fuel, payroll transactions With the release of OnRoad, Comdata has combined its fuel and fund transactions into a single card program.