Comdata, a FLEETCOR company and leader in corporate payment innovation, today highlighted its recent acquisition of SOLE® Financial, a payroll card provider enabling instant, affordable wage access for workers. Originally announced on July 8, 2019, the acquisition will extend Comdata’s industry leadership in payments by expanding the addressable market for its new Fintwist digital payment solution.

Comdata to Acquire Payroll Card Provider SOLE Financial

July 15,2019

Comdata, a FLEETCOR company and leader in corporate payment innovation, today highlighted its recent acquisition of SOLE® Financial, a payroll card provider enabling instant, affordable wage access for workers. Originally announced on July 8, 2019, the acquisition will extend Comdata’s industry leadership in payments by expanding the addressable market for its new Fintwist digital payment solution.

Read the full press release here

 

ABOUT COMDATA

Comdata Inc., a FLEETCOR company, is a leading provider of innovative payment and operating technology that drives actionable insights from spending data, builds enhanced controls and positively impacts its clients’ bottom lines. The company partners with more than 30,000 businesses to better manage $55B in annual fleet, corporate purchasing, payroll and healthcare spending, making it one of the largest fuel card issuers and the second largest commercial MasterCard provider in the United States and Canada. Founded in 1969 and headquartered in Brentwood, Tennessee, Comdata employs more than 1,300 professionals across North America. To learn more about Comdata, Inc., visit www.comdata.com.

ABOUT SOLE

SOLE® Financial advances financial inclusion by providing unbanked workers instant and affordable access to their hard-earned pay while helping companies go paperless. The SOLE Visa® Payroll Card eliminates the expensive and logistical burden of paper checks and bridges the gap for clients striving to reach 100 percent direct deposit participation. SOLE celebrates clients that achieve 100 percent paperless pay by planting a grove of trees in their name through its corporate social responsibility program — the SOLE Paperless Trees Project.