PYMNTS-MonitorEdge-May-2024

Volkswagen Integrates Comdata Mastercard for EV Fleet Management

Volkswagen

Global vehicle manufacturer Volkswagen and payment processor and fleet fuel card issuer Comdata are teaming up to enhance fleet management operations.

Volkswagen will implement the Comdata Mastercard, which is enabled to cover the needs of both electric vehicles (EV) and fuel fleets. The Comdata Mastercard provides access to numerous charging and fueling stations and facilitates EV charging while offering actionable data, according to a press release on Friday (July 8).

See also: Smoother Payments Key to Streamlining Electric Vehicle Charging, Stakeholders Say

“Comdata is committed to advancing the best practices and strategies for EV adoption for fleets,” Comdata Vice President of Large Market Sales Bryant Evans said in the announcement.

Evans added that fleet owners and managers have numerous daily challenges and the Comdata Mastercard is just one way that its team is working to help solves those issues. The Comdata Mastercard offers customers tracking and documentation of EV charging, as well as solutions to address “range anxiety,” according to the release.

Powered by Motorq, Comdata’s solution taps connected-car data and analytics captured directly from electric vehicles so fleet managers can provide the right reimbursement to employees for EV charging costs.

Read more: FLEETCOR Buys UK’s Cross Border Payments Provider Global Reach Group

Evans said that its relationship with Volkswagen’s fleet management operations was just beginning, and the company is looking to work “closely with them to create a successful roadmap to support any existing and future needs.”

Founded in 1969 and headquartered in Brentwood, Tennessee, Comdata, a FLEETCOR company, provides payment and operating technology that offers companies actionable insights from spending data. The firm partners with more than 30,000 businesses and is among the largest fuel card issuers and commercial Mastercard providers in the U.S. and Canada.

FLEETCOR Technologies is a global business payments company that aims to streamline the way businesses manage and pay their expenses.

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