Four Companies Win GSA SmartPay® 2 Contracts Worth Up to $260 Billion
June 7, 2007
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GSA # 10357
Washington, DC – The U.S. General Services Administration today named four firms as winners of its competitive, governmentwide GSA SmartPay® 2 charge-card service contracts. Awardees are Citibank N.A. of Sioux Falls, S.D.; GE Capital Financial Inc. of Salt Lake City, Utah; JPMorgan Chase N.A. of New York, N.Y. and U.S. Bancorp of Minneapolis, MN.
“GSA SmartPay® 2 provides cutting-edge charge card services at best value for government agencies,” said GSA Administrator Lurita Doan. “This is another example of GSA discovering the needs and then providing the services to make government more responsive to the American people.”
“We are proud to manage GSA SmartPay®, helping more than 350 federal agencies and organizations accomplish their missions around the world,” said Federal Acquisition Service Commissioner Jim Williams. “I look forward to working with these awardees to provide the best possible charge card services to GSA customers.”
Valued at an estimated $26 billion each year for 10 years, the contracts continue governmentwide purchase, travel, fleet and integrated charge card services currently provided by GSA’s SmartPay® program. GSA SmartPay® is the largest government charge-card program in the world.
GSA SmartPay® 2 builds on SmartPay® by expanding product and service lines. These include prepaid and contactless cards, as well as cards in foreign currencies and other separately priced, value-added items. SmartPay® 2 also helps federal agencies by providing enhanced agency spend analyses, program control and oversight, and improves payment services through new technologies. It increases security requirements for data management and handling, and complies with all Federal Information Security Management Act (FISMA) and Payment Card Industry security standards. GSA is already assisting customers with their efforts to ensure a smooth transition to SmartPay® 2.
For more information, consult GSA's SmartPay® website.
Founded in 1949, GSA serves as a centralized procurement and property management agency for the federal government. GSA manages more than one-fourth of the government’s total procurement dollars and influences the management of $500 billion in federal assets, including 8,600 government-owned or leased buildings and 205,000 vehicles. GSA helps preserve our past and define our future, as a steward of more than 420 historic properties, and as manager of USA.gov, the official portal to federal government information and services. GSA’s mission to provide superior workplaces, expert technology solutions, acquisition services, purchasing and e-travel solutions and management policies, at best value, allows federal agencies to focus on their core missions.
Did You Know? Federal agencies and organizations spent more than $26 billion in FY2006 using GSA’s SmartPay® charge card program.