Citi and U.S. Bank Awarded Contracts by the GSA - Other News

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Citi and U.S. Bank Awarded Contracts by the GSA

Citi and U.S. Bank Awarded Contracts by the GSA

Add to Favorites:
Citi and U.S. Bank Awarded Contracts by the GSA
October
6

Citi_new

Doing business whether you’re a consumer or a government agency is made easier with a credit card. In keeping with this, the U.S. General Services Administration (GSA) partners with providers so that they have access to charge cards and related payment services – and they have awarded GSA SmartPay 3 Master Contracts to both Citi and U.S. Bank for just that reason. With the inking of these contracts, federal agencies will be able to take part in their card and payment services.

The GSA SmartPay 3 program provides agencies with a wide range of services, including travel, fleet, purchase, and integrated charge card services, as well as other kinds of payment solutions. These payment services are used by just about 560 government agencies and organizations.

With this program, the U.S. federal government gets to take advantage of a variety of payment options to take care of business, such as chip-enabled charge cards, virtual accounts, single-use accounts and declining balance accounts.

“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,” he said.

During 2016 federal agencies used GSA SmartPay over 91 million times to meet their travel, fleet and purchase needs– equals $28.5 billion in transactions.

This new contract allows Citi and U.S. Bank to provide services from 2018 through 2031; the contract is valued at $700 billion.

Not a new partnership

The partnership between both issuers and U.S. General Services Administration is not new. Citi has been taking part in the GSA SmartPay program ever since it began in 1998, having worked with more than 300 agency programs when taking part in the GSA SmartPay 2 program. And U.S. Bank began working with federal agencies in 1986.

“We are honored that the GSA has selected Citi to provide continued support for the U.S. government’s charge card and payments activities,” said Gonca Latif-Schmitt, Global Head of Commercial Cards at Citi Treasury and Trade Solutions.

“The new contract highlights our long-term commitment to serve U.S. government agencies and to work in partnership with the GSA to create innovative solutions that meet the government’s unique and evolving needs,” she said.

All credit cards terms, fees and rates mentioned in this article/post are actual on the posting date. See the current products’ Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

U.S. News & World Report Names Best Travel Rewards Programs
U.S. News & World Report Names Best Travel Rewards Programs

Posted: August 14, 2017

For the third year in a row, Alaska Airlines Mileage Plan took the top spot in U.S. News & World Report's 2017-18 Best Travel Rewards Programs rankings, with Delta SkyMiles coming in second. When it comes to hotel rewards programs Marriott... Continue reading
American Express and Cash Back Trending with Consumers
American Express and Cash Back Trending with Consumers

Posted: August 28, 2017

American Express took the top spot when it comes to customer satisfaction in the J.D. Power 2017 Credit Card Satisfaction Study, with Discover and Capital One taking second and third place. Continue reading
American Express OPEN and Lowe's Relationship Extended
American Express OPEN and Lowe's Relationship Extended

Posted: August 01, 2017

American Express OPEN and Lowe's have inked a deal extending their already existing relationship. With this deal, people with the Lowe's Business Rewards credit card will keep earning rewards, including triple points when eating out,... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
You could turn $150 into $300 with Cashback Match™. Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.
For Excellent, Good Credit
No Annual Fee. See WebBank/Fingerhut Credit Account Terms.
For Bad Credit