US DOT Selects JPMorgan Chase for Travel Charge Card Program
JPMorgan Chase has announced that the U.S. Department of Transportation (DOT) has selected JPMorgan Chase as its provider for travel charge card services. According to Chase, "the contract award is part of the U.S. General Services Administration’s (GSA) SmartPay2 program, 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 U.S. Department of Transportation has chosen JPMorgan Chase for their travel card program,” said W. Stephen Kouns, executive project manager with JPMorgan Chase Federal Card Solutions. “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.”
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