Bill.com Selects Comdata as Virtual Credit Card Provider

Comdata, a FLEETCOR company (NYSE:FLT) and leader in corporate payment innovation, announced today that it has entered into an agreement with Bill.com, the leading digital business payments company. Through the agreement, Comdata will serve as the company’s virtual credit card provider, as Bill.com continues to digitize business-to-business payments.

Bill.com was founded with a mission to make business payments for small and medium businesses simple. “As businesses and their suppliers continue to embrace digital business payments, virtual credit cards offer another option for removing paper from the supplier back-office,” said René Lacerte, Founder and CEO of Bill.com. “We’re excited to have Comdata’s expertise and capabilities in automating more and more of our customers’ supplier payments.

More than 50 percent of corporate B2B payments are still made by paper checks, according to a recent AFP survey. Virtual credit card payments offer an efficient, alternative way forward – minimizing the costs, time and manual labor associated with paper-based processes. Through the new agreement, Bill.com will be able to add to its existing arsenal of payables options a virtual credit card backed by Comdata’s industry-leading scale and expertise.

“Comdata and Bill.com couldn’t be more aligned in terms of our broader mission – to make business payments simple and straightforward, so businesses can focus on their core operations,” said Kurt Adams, Group President of Comdata’s Corporate Payments division. “We are thrilled to join with Bill.com in helping more companies’ B2B payments function capture the paperless, automated standards of the 21^st century through our world-class virtual credit card program.”

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