MasterCard International's fleet card alliance with PHH Paymentech has signed more than 20 companies since its March 29 introduction.

The MasterCard fleet card "has exceeded expectations from a demand perspective," said James W. Baumgartner, president of the commercial card unit at First USA Paymentech, which in January joined with PHH Vehicle Management Services of Hunt Valley, Md., to establish PHH Paymentech.

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