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MarketScreener Homepage  >  Equities  >  Nyse  >  FLEETCOR Technologies, Inc.    FLT

FLEETCOR TECHNOLOGIES, INC.

(FLT)
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FLEETCOR Technologies : Comdata Launches Virtual Comchek, a One-Time Use Digital Payment Card for Fleets and Drivers

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09/10/2020 | 09:02am EDT

Mobile payment solution offers convenience for drivers to pay for services while on the road

Comdata Inc., a FLEETCOR company and world leader in payment innovation, unveiled Virtual Comchek, a digital payment solution that offers fleets a new way to enable their drivers to make on-demand payments. This new solution is part of Comdata’s growing suite of digital payment products that allows drivers to focus on the road ahead.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200910005224/en/

(Photo: Business Wire)

(Photo: Business Wire)

The Virtual Comchek is the next step in the digital evolution of the legacy paper Comchek, first launched in 1972 as an easy way for drivers to make on-demand payments on behalf of the fleet. With Virtual Comchek, instead of using a paper Comchek “draft” to facilitate payment, fleets will send an instant digital payment card that drivers can access on their mobile phone. The Virtual Comchek is accepted by over 100,000 merchants nationwide for on-demand expenses like vehicle repair, roadside assistance, vehicle parts, wholesale equipment, and warehouse expenses.

“Even though our paper Comchek product has been a staple of the industry for almost 50 years, we challenged ourselves to digitize the experience while bringing our customers lower operational costs, more security and convenience,” said Justin King, Senior Vice President of Product and Innovation, Comdata. “The Virtual Comchek was created to take those benefits a step further for our customers, giving both drivers and fleets greater control, visibility, and access to funds when it’s needed most.”

Driven by a need for more mobile payment solutions and digital transformation priorities within the transportation industry, the Comdata Virtual Comchek offers maximum flexibility and accessibility of funds for operators. “COVID-19 is a big concern of drivers and suppliers right now, and Virtual Comchek also allows drivers to reduce the need to exchange physical checks and documents with suppliers for peace of mind,” added King.

To learn more, customers are encouraged to contact their Comdata representative or call 844-282-1582.

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 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 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 to, or 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.

© Business Wire 2020

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Financials (USD)
Sales 2020 2 397 M - -
Net income 2020 679 M - -
Net Debt 2020 3 364 M - -
P/E ratio 2020 31,3x
Yield 2020 -
Capitalization 20 410 M 20 410 M -
EV / Sales 2020 9,92x
EV / Sales 2021 8,64x
Nbr of Employees 8 700
Free-Float 65,5%
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Technical analysis trends FLEETCOR TECHNOLOGIES, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 285,10 $
Last Close Price 242,83 $
Spread / Highest target 33,4%
Spread / Average Target 17,4%
Spread / Lowest Target 2,95%
EPS Revisions
Managers
NameTitle
Ronald F. Clarke Chairman, President & Chief Executive Officer
Charles Richard Freund Chief Financial Officer
Scott A. duFour Global Chief Information Officer
Mark A. Johnson Independent Director
Steven THeodere Stull Independent Director
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