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Thursday, June 07, 2007

Four Winners Named in Federal Card Deal

Citibank, GE Capital Financial, JP Morgan Chase and U.S. Bancorp on Thursday were named winners of a 10-year, multibillion-dollar government contract to provide charge card services to federal agencies.

The four companies will compete against each other to win business from more than 350 agencies that use charge cards to pay for supplies, fuel and travel, said General Services Administration officials.

There were four bidders for the GSA's "SmartPay2" project and they were all named to participate in the contract, according to the government's main contracting arm.

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