OpenWay's Way4 Technology is Selected by Comdata
A Leading US Payments Innovator Enhances its Card Issuing Solutions
OpenWay Group, an international provider of innovative software for electronic payment systems, announced today that Comdata, a wholly owned subsidiary of Ceridian, has implemented the Way4 solution to enhance its card processing capabilities.
As a leading business-to-business issuer and payment card processor in the US, Comdata will use Way4 to further expand its services to corporate customers, from small businesses to large corporations.
“The competition is intense in the payment card issuing markets,” said Andrew Park, executive vice president, information technology and emerging products for Comdata. “We required a flexible, open system that has next-generation processing architecture and is capable of managing our complex business rules. OpenWay has been able to meet our business needs with its powerful Way4 platform.”
“OpenWay is proud to be a technology partner to Comdata through our Way4 platform,” said Wim Pardon, CEO of OpenWay Belgium S.A. “In the past, processors have had to choose between the capability of handling complex products, based on sophisticated business rules and requiring multiple channels, or the ability to support simpler products in large volumes. Way4 was designed to eliminate the need for such a compromise. The successful implementation of Way4 for Comdata represents OpenWay’s entry to the North American market.”
Comdata Corporation
Comdata® Corporation is redefining the movement of money and information through innovative payment solutions. Comdata provides custom solutions for a wide range of industries such as transportation, retail, government services, aviation, construction, service businesses, restaurants and hospitality. Innovative electronic payment solutions range from credit and debit cards, fleet, fuel, payroll, purchasing and T&E. Comdata’s platforms support both its proprietary and branded card networks. Headquartered in Brentwood, Tennessee, Comdata employs more than 1,100 people.
Ceridian Corp. is a business services company that helps its customers maximize the power of their people, lower their costs and focus on what they do best. The company’s suite of innovative managed human resource solutions includes payroll and compensation, employee benefits administration, staffing, compliance, HR administration and Employee Assistance Programs (EAP), work-life and health and productivity solutions. Ceridian serves businesses and employees in the United States, Canada and Europe. For more information about the human resource outsourcing company’s comprehensive array of solutions, visit www.ceridian.com or call (800) 729-7655. Through its Comdata and Stored Value Solutions (SVS) subsidiaries, Ceridian is a major payment processor and issuer of credit cards, debit cards and stored value cards, primarily for the trucking and retail industries in the United States.