Strategic Payment Solutions
There are several types of strategic payment solutions available under the GSA SmartPay® 3 Master Contract.
Strategic payment solutions allow you to:
- Gain efficiencies on current spend.
- Capture additional spend.
- Increase refunds.
- Improve oversight and control.
- Gain transparency and accountability within your program.
Card-Not-Present Solutions
- Mechanism to complete a transaction without having a physical card in place.
- Examples include:
- Declining Balance Cards.
- Ghost Cards.
- Mobile Payments.
- Single Use Accounts.
ePayables
- Solution that augments or replaces the accounts payables process such that electronic transactions take place directly between the government and the supplier.
- Typically used with merchants who are traditionally paid by check or EFT or with merchants who do not accept charge card payments (like utility companies).
- Examples include:
- Straight-Through Processing.
- Buyer-Initiated Payments.
- Supplier-Initiated Payments.
Find Your Solution
Reach out to your Level 1 Agency/Organization Program Coordinator (A/OPC) to determine which solutions are available under your agency’s task order.
Contact your GSA SmartPay contractor bank for examples of how the payment solution could be used in your program.