The National Aeronautics and Space Administration (NASA) has selected
JPMorgan Chase as its provider for purchase, travel and fleet charge
card services, the firm announced today. The contract award is part of
the U.S. General Services Administration’s
(GSA) SmartPay®2 program, the largest
government charge card program in the world.
JPMorgan Chase will supply NASA with approximately 20,000 charge cards
to be used by their employees for purchase, travel and fleet purchases,
according to the three-year initial contract. The contract also allows
for three, two-year renewals and another one-year renewal. The NASA
charge volume in fiscal year 2007 amounted to over $156 million.
“JPMorgan Chase offered NASA the best overall
value for bankcard services and was rated higher than other firms on its
past performance,” said William McNally,
Associate Administrator for Procurement at NASA and the source selection
authority for this procurement.
“JPMorgan Chase, as the new provider, will
help to ensure a smooth and seamless transition to a system that will
enhance NASA’s current card services,”
said W. Stephen Kouns, executive project manager with JPMorgan Chase
Federal Card Solutions. “We understand the
criticality of NASA’s mission to pioneer the
future in space exploration, scientific discovery and aeronautics
research and stand ready to support them.”
The GSA SmartPay® program, implemented in
1998, handled more than $26 billion in sales and over 98 million
transactions in 2006. The program is used by federal agencies and
organizations to obtain purchase, travel, fleet and integrated charge
card services.
JPMorgan 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 is also
listed on multiple GSA Schedules, including: GSA Schedule 520 -
Financial and Business Solutions (FABS), GSA Schedule 36 - Office
Imaging and Document Solutions and GSA Schedule 874 - Mission Oriented
Business Integrated Services (MOBIS). This allows federal agencies to
contract directly with JPMorgan Chase for these services. JPMorgan Chase
also provides treasury solutions to over 3,000 state governments and
municipalities, helping them with tax processing and enterprise content
management, electronic benefits transfer programs such as food stamp and
Women Infant and Children (WIC) payments, disaster preparedness, child
support payments, unemployment insurance, and license, fee and
violations processing.
For more information about JPMorgan Chase’s
Federal Card Solutions, go to www.jpmorganchase.com/smartpay
About JPMorgan Chase
The Treasury Services business of JPMorgan Chase (www.jpmorganchase.com/ts)
is a top-ranked, full-service provider of innovative payment,
collection, liquidity and investment management, trade finance,
commercial card and information solutions to corporations, financial
services institutions, middle market companies, small businesses,
governments and municipalities worldwide. With more than 50,000 clients
and operations in 36 countries, the business is one of the world’s
largest providers of treasury management services. JPMorgan Chase
Treasury Services is a division of JPMorgan Chase Bank, N.A., member
FDIC.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services
firm with assets of $1.6 trillion and operations in more than 60
countries. The firm is a leader in investment banking, financial
services for consumers, small business and commercial banking, financial
transaction processing, asset and wealth management, and private equity.
A component of the Dow Jones Industrial Average, JPMorgan Chase serves
millions of consumers in the United States and many of the world’s
most prominent corporate, institutional and government clients under its
JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com
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