GSA Wants Agencies to Get Smarter About Charge Cards

Perhaps plastic is not the future, after all.

The 265,000 active purchase cards used regularly across the government may give way to more efficient and economical payment tools under the “SmartPay3” program being pursued by the General Services Administration.

In a request for information published Wednesday, GSA asked financial services companies to supply information on best practices to update the SmartPay approach currently used at 350 agencies. Besides traditional plastic credit cards, SmartPay employs virtual and single-use accounts to reduce waste, fraud and abuse while tapping data, the agency said.

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