Comdata launches tool for same-day shipper payments for trucking fleets

Friday 27 March 2020 14:19 CET | News

US-based fintech Comdata has rolled out Comdata QuickPay, a financing solution that gives fleet owners access to same-day payments.

The programme also helps fleets improve cash flow and scale their businesses by providing a seamless way to access shipper payments directly on their Comdata fuel card. By simplifying the approval process and streamlining access to capital, carriers can get paid within 24 hours of delivery instead of waiting the standard 30 days for payment transactions to process.

Comdata QuickPay enables fleet owners to begin factoring invoices to Crestmark upon delivery at one of the lowest factoring rate fees in the industry. By minimizing the payment window to same or next day payment, fleets can increase business cash flow and eliminate the burdensome process of collections.

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Keywords: Comdata QuickPay, Comdata, e-procurement, e-invoicing, product launch, US, United States, shipper payments, Crestmark, same day payments, cash flow
Categories: Banking & Fintech
Countries: United States
This article is part of category

Banking & Fintech

Industry Events