Buying Solutions Selects J.P. Morgan For UK Government Commercial Cards Framework Agreement

London, J.P. Morgan’s Treasury Services business today announced that it has signed the UK Government Payment Card (GPC3) framework contract with Buying Solutions, the national procurement partner for UK public services.

J.P. Morgan has been selected as a supplier of commercial card solutions to the UK public sector. The agreement enables the UK Government to benefit from J.P. Morgan’s global experience as a supplier of efficient, cost effective payment solutions to the public sector.

Alan Koenigsberg, Head of International Commercial Cards for J.P. Morgan, said: “J.P. Morgan is honored to be selected by Buying Solutions as supplier on the GPC3 framework agreement.”

Koenigsberg added: “We look forward to building on the partnership established with Buying Solutions and ultimately to providing efficient, cost effective and sustainable commercial card solutions to the UK public sector.”

Jim Parkinson, Head of Payment Cards at Buying Solutions, said: “Buying Solutions is looking forward to working with J.P. Morgan and our other service providers on the new Payment Solutions framework agreement to enable the public sector to deliver greater savings and maximise efficiency through innovative payment solutions.”.

The official framework commences on 1 February 2010.