Results for the Federal SmartPay (small purchase) Credit Card Program for FY 2005 are Strong

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There has been continued growth in the Federal small purchase credit card program, the SmartPay program, administered by the U.S. General Services Administration. The total spent by the program rose to $17.43 billion despite fewer cardholders and fewer overall purchases. The average purchase rose to $672.15 from $644.53. The number of actual cardholders across the federal government continues to fall slightly.

Results for the Federal SmartPay (small purchase) credit card program for FY 2005 (Oct 1, 2004 – Sept 30, 2005) are strong.

There has been continued growth in the Federal small purchase credit card program, the SmartPay program, administered by the U.S. General Services Administration.

The total spent by the program rose to $17.43 billion despite fewer cardholders and fewer overall purchases. The average purchase rose to $672.15 from $644.53. The number of actual cardholders across the federal government continues to fall slightly.

Benefits of the credit card program for government are cost avoidance over paper-based procurement, and the speed by which government employees can get products and services to accomplish their work. Benefits for vendors are speed of payment and paperwork (PO processing) avoidance. Most Federal cards have a per purchase limit of $2,500. Orders at or below this level do not require a Federal contract

Most states and many local governments are also using small purchase credit cards, though with a smaller per-purchase level.

Federal SmartPay (formerly IMPAC) Credit Card Statistics

Fiscal Year # of transactions # of cardholders    Total FY $

1989 47,595     13,032            $9,088,038

1990 331,957    21,431            67,779,471

1991 730,564    35,234            167,747,687

1992 1,097,500    48,819            307,450,342

1993 1,736,373    84,284            537,501,272

1994 2,765,615    96,090            921,639,498

1995 4,246,329    130,353            1,591,836,136

1996 7,000,000+    185,000            2.97 billion

1997 11,500,000    240,000            4.95 billion

1998 16,400,000    340,000            7.95 billion

1999 20,600,000    500,000            10.2 billion

2000 23,500,000    490,000            12.3 billion

2001 25,000,000    410,000            13.8 billion

2002 26,000,000    390,000            15.2 billion

2003 26,500,000    360,000            16.2 billion

2004 26,500,000 315,000            17.08 billion

2005 25,931,643 301,217            $17.43 billion

Statistics compiled by Amtower & Company, http://www.FederalDirect.net

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