The US Department of Transportation (DOT) has selected JPMorgan Chase as its provider for travel charge card services.
The contract award is part of the US General Services Administration’s (GSA) SmartPay2 programme, the largest government charge card program in the world.
JPMorgan Chase will supply DOT with more than 39,000 charge cards to be used by their employees for travel purchases, according to the four-year contract. The DOT charge volume on the travel cards amounted to $130 million in fiscal year 2006.
“We are pleased that the US Department of Transportation has chosen JPMorgan Chase for their travel card programme. We are ready to help the DOT meet their objectives to streamline payment and administrative procedures and further reduce administrative costs. We are confident that the DOT will benefit significantly and look forward to a long relationship,” says W. Stephen Kouns, executive project manager, JPMorgan Chase Federal Card Solutions.
The GSA SmartPay programme, implemented in 1998, handled more than $26 billion in sales and over 98 million transactions in 2006. The programme is used by federal agencies and organisations to obtain purchase, travel, fleet and integrated charge card services.