SOURCE: Xign

January 09, 2007 11:00 ET

Xign Announces Business Partnership With Comdata® to Expand Presence in Retail and Transportation Industries

U.S. Xpress Is First Customer to Enhance Corporate Payment Card Program With Xign-Comdata Solution

PLEASANTON, CA -- (MARKET WIRE) -- January 9, 2007 -- Xign Corporation, the operator of the world's leading settlement network for business, today announced a partnership with Comdata® of Brentwood, TN, a leading provider of payment systems for the transportation and retail industries. Through this partnership, Comdata will promote MasterCard e-P3 powered by Xign. The first Comdata-Xign customer, U.S. Xpress Enterprises based in Chattanooga, TN, is using the Xign-powered electronic payment solution to expand its corporate payment card program to include accounts payable spend.

"MasterCard e-P3 offers a valuable payment option that eliminates the cost and risk of paper checks and improves the way we track information relating to p-card purchases," said Ryan Rogers, U.S. Xpress vice president of treasury and finance. "With this solution, we are streamlining our p-card payments to include purchases managed by accounts payable while still maintaining control over these purchases."

MasterCard e-P3 powered by Xign provides a secure platform for the delivery of MasterCard payments to vendors for efficient electronic settlement. The solution leverages the Xign Business Settlement Network, which is certified compliant with the PCI Data Security Standard, and is designed to support existing accounts payables processes and controls.

"MasterCard e-P3 allows organizations like U.S. Xpress to use an integrated virtual account number to pay for approved invoices within their Accounts Payable systems," said Stephen Orfei, senior vice president, MasterCard Worldwide. "This partnership is a testament to the fact that MasterCard e-P3 is meeting the needs of the market."

"As the leader in automating business settlement operations, Xign is the kind of business partner that Comdata targets to enhance our payment systems," said Bob Sneed, Comdata vice president of corporate payments systems. "We look forward to working with Xign as we respond to growing interest from our corporate customers in maximizing their MasterCard p-card programs."

"Comdata's strength in the transportation and retail industries provides great opportunities for Xign," said Jim Lucier, Xign vice president of worldwide sales. "We are excited about this business relationship and look forward to helping Comdata further differentiate its popular e-payment offerings for the transportation and retail sectors."

About Comdata Corporation

Comdata® Corporation (www.comdata.com) is a leading business-to-business issuer and processor of payment cards, primarily in the retail and transportation industries. Comdata's range of products and services include fleet, fuel, purchasing, T&E, payroll/reimbursement, EBT, gift and loyalty cards and processing. A full-service merchant processor, Comdata's platforms support both its proprietary card networks as well as processing for any card tender a merchant may accept. Headquartered in Brentwood, Tenn., Comdata employs more than 1,600 people nationally and internationally. Comdata is a wholly owned subsidiary of Minneapolis-based Ceridian Corporation.

About Ceridian

Ceridian Corporation is an information services company serving businesses and employees in the United States, Canada and Europe. Ceridian is one of the top human resources outsourcing companies in each of its markets, and offers a broad range of human resource services, including payroll, benefits administration, tax compliance, HR information systems and employee advisory programs. Through its Comdata subsidiary, Ceridian is a major payment processor and issuer of credit cards, debit cards and stored value cards, primarily for the trucking and retail industries in the United States.

About U.S. Xpress

U.S. Xpress Enterprises, Inc. is the fifth largest publicly owned truckload carrier in the United States, measured by revenue. The Company provides dedicated, regional, and expedited team truckload services throughout North America, with regional capabilities in the West, Midwest, and Southeastern United States. The Company is one of the largest providers of expedited and time-definite services in the truckload industry and is a leader in providing expedited intermodal rail services.

About MasterCard Worldwide

MasterCard Worldwide advances global commerce by providing a critical economic link between financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes more than 16 billion payments each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard Worldwide serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercardworldwide.com.

About Xign Corporation

Xign Corporation operates the leading global settlement network for business. Xign's suite of on-demand applications is the first to automate the complete commerce cycle -- from electronic order delivery to electronic invoice and payment processing -- to streamline operations and monetize working capital. With more than $100 billion in transactions processed and a fast growing network of 40,000-plus global suppliers, Xign offers the most complete and widely deployed service of its kind. Customers include Fortune 2000 companies across many different industries such as Bristol-Myers Squibb, Honeywell, MetLife, Payless ShoeSource, RadioShack Corporation, Sprint, United Rentals and Verizon Wireless. Xign is headquartered in Pleasanton, CA. For more information, visit www.xign.com.

Contact Information

  • Contact:
    Michelle Sabolich
    Atomic Public Relations for Xign
    (415) 402-0230
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