July 09, 2013
Infintech expands B2B services through partnership with Comdata
In June, Chamber member Infintech LLC announced a formal referral agreement with Comdata, a recognized leader in payment innovation.
"Infintech's partnership with Comdata allows us to continue our rapid expansion in the commercial and purchasing card processing space," said Ryan Rybolt, president, Infintech. "Through this partnership we can deliver our industry expertise and payment technologies to businesses that are relatively new to the card acceptance world."
This move continues Infintech's expansion into the business-to-business transaction processing space. Rybolt says the company is dedicated to "achieving controlled growth without compromising quality," and staff has increased by 25% in the last year.
Infintech has emerged as an industry leader in processing corporate and purchasing card payments, which is the fastest growing segment in the payment processing industry. Customers minimize processing fees with Infintech's transparent Cost-Plus Pricing structure and by utilizing the secure payment interface that supports Level III and Large Ticket qualification.
The partnership with Comdata enables Infintech to extend this product offering to corporations who are converting vendor payments over to ePayables.
Comdata clients will be able to grow their commercial ePayables business by increasing supplier enrollment and participation as a result of the partnership.
A nationally recognized payment service provider with customers in 48 states, the Infintech team and 50 independent sales representatives serve 5,000 businesses which process nearly $2 billion annually.
The company was recently honored with the Small Business of the Year Award (16-50 employees) by the Cincinnati USA Regional Chamber.
Services include credit and debit card processing, corporate card issuing, electronic funds transfers, custom gift cards, check authorizations and remote check depositing.
"This relationship will help Comdata drive increased value for our clients by allowing us to capture previously unattainable vendor spend," said Mark Schatz, executive vice president, Comdata.
"Together, we will offer pre-negotiated discounted processing so suppliers can minimize processing fees, thus resulting in greater spend for our clients and simultaneously improving their bottom line."