FLEETCOR and TravelCenters of America Renew Comdata Payment Acceptance Agreement

Rhea-AI Summary

FLEETCOR Technologies, Inc. (NYSE: FLT) has renewed its agreement with TravelCenters of America (TA) to allow the continued acceptance of its Comdata fleet card at TA's travel centers. The renewed deal will expand services, enabling TA, TA Express, and Petro locations to also accept FLEETCOR's Fuelman and FleetWide fuel cards. This partnership aims to enhance convenience and increase transaction volume. TA operates over 270 travel centers in the US and Canada.

Positive

• Early renewal of the Comdata trucking card acceptance agreement with TA, enhancing partnership.
• Expansion of card acceptance to include Fuelman and FleetWide cards, improving service offerings at over 270 travel centers.

Negative

• None.

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced it has renewed an agreement under which TravelCenters of America Inc. (“TA”) will continue accepting FLEETCOR’s Comdata fleet card at its TA, TA Express and Petro branded travel centers. Under the terms of the extension, TA, TA Express and Petro travel centers also will begin accepting FLEETCOR’s Fuelman and FleetWide fuel cards.

“We are delighted to have agreed to an early renewal of our Comdata trucking card acceptance agreement with TA,” said FLEETCOR CEO Ron Clarke. “This extension dramatically improves our relationship and positions us to grow volume together over the midterm.”

“Adding Fuelman and FleetWide card acceptance at TA, TA Express and Petro branded travel centers nationwide enhances the convenience of those programs,” said Alexey Gavrilenya, Group President of North America Fuel at FLEETCOR. Fuelman and FleetWide cards will be accepted at TA, TA Express and Petro travel centers beginning later this quarter.

TA is the largest publicly traded full-service truck stop and travel center company in the US with more than 270 travel centers in the US and Canada.

About FLEETCOR

FLEETCOR Technologies (NYSE: FLT) is a leading global business payments company that simplifies the way businesses manage and pay their expenses. The FLEETCOR portfolio of brands help companies automate, secure, digitize, and control payments on behalf of their employees and suppliers. FLEETCOR serves businesses, partners and merchants in North America, Latin America, Europe, and Asia Pacific. For more information, please visit www.FLEETCOR.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210113005715/en/

FAQ

What is the recent development between FLEETCOR and TravelCenters of America?

FLEETCOR has renewed its agreement with TravelCenters of America to accept its Comdata fleet card and will also introduce Fuelman and FleetWide cards at TA locations.

When will Fuelman and FleetWide cards be accepted at TravelCenters of America?

The acceptance of Fuelman and FleetWide cards at TA, TA Express, and Petro travel centers will begin later this quarter.

How many travel centers does TravelCenters of America operate?

TravelCenters of America operates over 270 travel centers across the US and Canada.

What impact does the renewed agreement have on FLEETCOR?

The renewed agreement is expected to enhance FLEETCOR's relationship with TA and potentially increase transaction volume.