Next Generation of Payment Solutions will Help Federal Agencies Efficiently Meet Mission Needs
WASHINGTON — The U.S. General Services Administration (GSA) announced that Citibank, N.A. and U.S. Bank were awarded contracts for GSA SmartPay® 3, the next generation of the largest government charge card and payment solutions program in the world. The GSA SmartPay 3 contracts will facilitate a potential $700 billion in charge card and related payment transactions for the government over their total period of performance through the year 2031, assuming all extension options are exercised. The GSA SmartPay 3 program includes: purchase, travel, fleet, and integrated charge card services and related payment solutions which are expected to be used by approximately 560 customer agencies and organizations.
“GSA’s SmartPay program provides agencies across government with payment solutions to streamline transactions, lower costs, and more-effectively deliver services to the American people,” said GSA Federal Acquisition Service Commissioner Alan Thomas. “We worked closely with our industry and agency partners in developing the next generation of the GSA SmartPay program to ensure that GSA SmartPay 3 offers federal agencies more value and efficiency in carrying out their missions.”
GSA SmartPay gives the federal government access to a wide range of payment solutions, including “chip” enabled charge cards, virtual accounts, single-use accounts, and declining balance accounts. In Fiscal Year 2016, agencies relied upon GSA SmartPay for their purchase, travel, and fleet needs more than 91 million times around the globe for a total of approximately $28.5 billion in transactions.
Since the GSA SmartPay program began in 1998, customer agencies have earned more than $3 billion in refunds. In Fiscal Year 2016 alone, $292 million in net refunds were earned.
The current GSA SmartPay 2 contracts will expire on Nov. 29, 2018. Agencies can now begin the competition and process for awarding their task orders under the GSA SmartPay 3 contracts.
For more information: https://gsa.gov/portal/content/168858