Comdata Agrees to Settle FTC Antitrust Complaint
Comdata, the leader in the trucking fuel-card business, has settled a complaint by the Federal Trade Commission by agreeing to license its card-processing system to its competitors.
Comdata said the agreement will have no impact on its business.
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The proposed settlement ensures that the company’s acquisitions of NTS Corp. and Trendar Corp. will not give Comdata the power to close other fleet-card and point-of-sale-equipment providers out of the market, reported the FTC, which noted that Comdata is five times larger than its nearest competitor.
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Comdata purchased Trendar in March 1995, and NTS in January 1998. Soon afterward, FTC initiated an inquiry into possible anti-trust violations.
