About GSA SmartPay
The GSA SmartPay program, established in 1998, is the largest charge card program in the world serving more than 350 federal agencies, organizations, and Native American tribal governments. In FY10, approximately 98.9M transactions were made and $30.2B were charged using the GSA SmartPay charge cards, creating $325.9M in refunds.
GSA SmartPay Program Benefits include:
- Administrative cost savings – The estimated administrative savings for the purchase card alone is $1.7 billion per year ($70 per transaction) when used in place of a written purchase order.
- Identification for discount programs – Travel cards provide access to the City Pair program
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- Agency refunds – Charge cards generate performance-based refunds for agencies.
- Others – Charge cards provide other less tangible benefits, including detailed transaction data, improved ability to monitor transaction details, travel insurance, tax recovery, as well as to eliminate the need for imprest funds or petty cash at the agency.
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