News

eFunds offers surcharge-free ATMs to payroll card provider

July 28, 2004

BRENTWOOD, Tenn. - Comdata Corporation, a wholly owned subsidiary of Ceridian Corporation (NYSE:CEN), has signed an agreement with eFunds Corporation to offer a surcharge-free ATM option to its payroll card customers.

The service, expected to be available later in the year, will give Comdata cardholders surcharge-free access to eFunds' U.S. network of more than 15,000 ATMs.

Comdata is a provider of payroll electronic distribution services primarily through its Stored Value Systems (SVS) subsidiary as well as through its transportation division, which serves the trucking industry. More than 5,600 businesses rely on Comdata for electronic payroll distribution.

"This arrangement creates tremendous value for our customers and their employee cardholders," said Wayne Chatham, SVS senior vice president sales and marketing. "We know our customers want to be able to offer surcharge-free ATM access to their employees, and we believe eFunds delivers an ATM network with exceptional convenience and value."

Chatham said that Comdata wanted to work with a full-service provider, one that not only offers a large network but is also a direct deployer of ATMs.

"Direct control means that eFunds is committed to servicing its ATMs as well as offering an excellent network, and we believe that represents a strong commitment to customer satisfaction, one that matches ours," Chatham said.

"This is a match of like minds," said David McCrary, eFunds' vice president of ATM national sales. "Comdata was looking for a solution that fit their high standards for system reliability and functionality while offering cardholders flexibility and maximum choice. This is what we've built our business on as well."

Payroll card providers are showing increased interest in surcharge-free ATM networks. See related story: Free ATM access boosts payroll cards' profile