GSA Exploring Future of SmartPay Card Program
Friday, March 27, 2015
Posted by: Mike Rose
The U.S. General Services Administration is looking at the features that will be required of card suppliers in the next round of SmartPay contracts, Business Travel News reports.
The current contracts aren't up until November of 2018, but the administration is looking to get in front of things, Business Travel News notes. SmartPay is the largest government payments program in the world, serving more than 350 federal agencies, organizations and Native American tribal governments. Agencies and organizations spend $26.4 billion annually through 87.4 million transactions on more than three million cards, creating an average of $300 million in refunds.
The GSA currently has contracts with Citibank, JPMorgan Chase and U.S. Bank. David Shea, director of the office of charge card management for GSA's Federal Acquisition Service, tells Business Travel News that the administration is now looking at new options, a process he calls a "recompete."
In December, the GSA initiated the recompete process by issuing a request for information. The RFI closed on Jan. 20, and Shea said the administration would continue to research the payments market.
Sources: Business Travel News, U.S. General Services Administration