New York June 13, 2007 The U.S. General Services Administration has named JPMorgan Chase winner of a GSA SmartPay®2 charge card service contract, certifying that the company can offer its charge card services to any U.S. federal entity.
The GSA SmartPay®2 program is the largest government charge card program and is used by federal agencies and organizations to obtain purchase, travel, fleet and integrated charge card services from authorized providers like JPMorgan Chase. The designation means that more than 350 federal agencies and organizations can select JPMorgan Chase as their charge card issuer for expenditures.
"We are delighted that GSA has selected us once again as a provider of its card services," said Richard Erario, head of Commercial Cards and Procurement Services at JPMorgan Chase. "We look forward to partnering with even more agencies and organizations to help them fulfill their missions."
"We can help agencies expand their card programs, take advantage of best practices and provide enhanced controls," said Laurie Neill, head of federal government banking sales for JPMorgan Chase Treasury Services. "We offer innovative value-added solutions, such as ExacTracSM, our advanced settlement technology, and JPMorgan Chase Expansion Services, a team providing customized solutions to our agency customers."
JPMorgan Chase 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.
In addition to its government charge card services, JPMorgan Chase provides treasury solutions to over 3,000 federal and state governments and municipalities, helping them with tax and application processing, enterprise content management, electronic benefits transfer programs such as food stamp and WIC (Women Infant and Children) benefits, disaster assistance, child support payments, unemployment insurance, and license, fee and violations processing. For more information about JPMorgan Chase's solutions for the public sector, go to www.jpmorganchase.com/publicsector.
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 $1.4 trillion and operations in more than 50 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.