Comdata Network, Inc. v. First Interstate Bank of Fort Dodge

HARRIS, Justice.

This suit against a bank was based on a letter of credit. The district court entered judgment against the bank for cash advances but not for credit card advances. The plaintiff appealed, believing the judgment too low; the bank cross-appealed, believing it too high. The court of appeals affirmed on both appeals and so do we.

Plaintiff Comdata Network, Inc. (Comda-ta) is a Maryland corporation engaged in money transfer services. It provides money to truckers on the road by way of (1) cash advances effected by way of form cheeks written by the truckers, and (2) advances effected…