TULSA, Okla. --QuikTrip Corp. has signed an agreement with electronic payment solutions provider Comdata Inc. to expand the reach of fuel discounts through the Comdata Fuel Consortium (CFC) network.
Developed by Comdata in 2008, the CFC is a nationwide network of approximately 30,000 retail fuel locations offering an automatic price-per-gallon discount to Comdata MasterCard Corporate Fleet Card customers.
A privately held company based in Tulsa, Okla., QuikTrip has more than 700 convenience stores in 11 states since its founding in 1958. Through the CFC network, QuikTrip offers all Comdata MasterCard Corporate Fleet Card customers a discount of three cents per gallon on all gasoline and diesel purchases.
"QuikTrip is pleased to have this opportunity to provide a discount to customers through this platform. We look forward to a long relationship with Comdata," said Jason Reed, Manager of Commercial Fuels for QuikTrip.
"The idea for the CFC originated from Comdata's client advisory board, a group of customers from whom Comdata solicits feedback on solutions," said Todd House, president of North American Fuel Card. "This focus on continued growth of the network is representative of our commitment to the industry as a whole. The CFC allows merchants like QuikTrip to drive more business to their locations while providing additional savings for fleets."
The Comdata MasterCard is issued by Regions Bank, pursuant to a license by MasterCard International Inc.
Brentwood, Tenn.-based Comdata is a leading business-to-business provider of electronic payment solutions. As an issuer and a processor, Comdata provides healthcare, fleet, corporate payment, virtual card and prepaid solutions to more than 30,000 customers. Comdata's SVS division is a global gift card and loyalty innovator that manages more than 600 million cards and processes more than one billion transactions from more than 45 countries and in 26 currencies worldwide every year. Founded in 1969 Comdata enables more than $54 billion in payment volume annually.
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