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Results for the Federal SmartPay small purchase Credit Card Program...

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, www.FederalDirect.net

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