Chase Wins Card Contracts for U.S. Interior, Transportation Departments

Card issuer JPMorgan Chase today announced that it has won two government contracts to provide payment card services to the federal government. The contract awards are part of the U.S. General Services Administration’s (GSA) SmartPay 2 program.

Chase will supply the U.S. Department of the Interior with more than 63,000 integrated cards that combine purchasing, travel and fleet functionality. The firm will also issue another 25,000 fleet-only cards. The department’s charge volume on all these cards combined is projected to exceed $660 million a year and represents the largest single integrated card program in the public or private sector, according to Chase.

Additionally, Chase will supply the U.S. Department of Transportation with more than 39,000 charge cards to be used by its employees for travel purchases, under terms of the four-year contract. Transportation charged $130 million on its travel cards in 2006, according to Chase.

The GSA SmartPay program, implemented in 1998, handled more than $26 billion in sales and over 98 million transactions in 2006, according to Chase. The program is used by federal agencies and organizations to obtain purchase, travel, fleet and integrated charge card services

Chase has been a GSA SmartPay card provider since the original master contract, providing card services to public sector clients for over 20 years, the firm said. Chase is also listed on multiple GSA schedules, including: GSA 520 – financial and business solutions; GSA 36 – office imaging and document solutions; and GSA schedule 874 – mission oriented business integrated services. These schedules permit federal agencies to contract directly with Chase for the appropriate services.