Environmental Protection Agency Renews JPMorgan Contract
JPMorgan’s Electronic Payment Methods Reduce Paper Consumption, Strengthen Compliance
New York. - JPMorgan Chase announced today that it has renewed its contract with the U.S. Environmental Protection Agency (EPA) for purchase, travel and fleet charge card services. The annual volume of the card program is expected to exceed $80 million with nearly 20,000 cards serviced. The four-year task order award, which includes two three-year renewable options, is part of the U.S. General Services Administration’s (GSA) SmartPay® 2 program, the largest government charge card program in the world. JPMorgan has served as EPA’s charge card provider since 2004 under the current GSA SmartPay® program.
JPMorgan’s charge card programs help government agencies reduce the time and administrative costs associated with authorizing, tracking, paying, allocating and reconciling purchases. The company’s online PaymentNet visibility and reporting tool helps agencies improve compliance and auditing practices by providing real-time access to spending. PaymentNet® also provides comprehensive controls that help manage spending efficiently and enforce spending policies before a transaction is even initiated.
“In addition to improving compliance and cost-cutting initiatives, JPMorgan’s electronic payment methods and online reporting tool will continue to support the EPA’s goals of eliminating or reducing the paper consumption associated with procurement operations, such as purchase orders, paper checks and petty cash requests,” said W. Stephen Kouns, executive project manager with JPMorgan Federal Card Solutions. “We look forward to partnering with the EPA as they work to protect human health and the environment.”
JPMorgan is a member of The PayItGreen Alliance, a coalition of financial services companies, led by NACHA - The Electronic Payments Association, committed to educating consumers and businesses about the positive environmental impact of choosing electronic payments, bills and statements instead of paper.
The GSA SmartPay® program, implemented in 1998, handled more than $27 billion in sales and over 91 million transactions in 2007. The program is used by federal agencies and organizations to obtain purchase, travel, fleet and integrated charge card services. JPMorgan has been a GSA SmartPay® card provider since the original master contract, providing card services to public sector clients for more than 20 years. To date, JPMorgan has been awarded more than a dozen GSA SmartPay 2 contracts, including charge card programs with the U.S. Departments of Commerce, Interior and Transportation, the Appalachian Regional Commission, Library of Congress, the National Aeronautics and Space Administration, the Smithsonian Institution, the U.S. Holocaust Memorial Museum, U.S. Office of Personnel Management and U.S. Social Security Administration.
JPMorgan also is 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 for these services. JPMorgan 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.
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