WEX, Inc. and Citibank N.A. have been authorized to provide card and payment services to federal agencies that manage fleet vehicles under a new contract for GSA SmartPay 3 that runs for 14 years, WEX has announced.
The South Portland, Maine-based WEX and Citi can offer the fleet card along with a range of services and offerings to a variety of federal agencies under the contract. WEX and Citi have been providing services to more than 300 agencies under the SmartPay 2 program since 2007. The new program launches on Nov. 30, 2018 and runs through 2031. About 560 agencies and organizations are eligible to choose it.
"Federal agencies deploy some of the largest fleets in the U.S. today, and we are proud of the opportunity to compete for continued work with these agencies to optimize their operations," said Bernie Kavanagh, senior vice president and general manager of North America large fleet and strategic relationships at WEX. "Through our relationship with Citi, we’re looking forward to ensuring these agencies continue to have access to innovative card solutions that help them manage the daily operations of their fleets for years to come."
WEX has issued more than 300,000 fleet cars to six federal agencies. The company also holds contracts with 25 states and other governmental agencies.
GSA SmartPay 3 is expected to facilitate a potential $700 billion in charge card and related payment transactions over the life of the contract. The program is expected to be used by approximately 560 customer agencies and organizations.
"We are pleased to continue our partnership with WEX in the GSA SmartPay 3 program," said Gonca Latif-Schmitt, global head of commercial cards at Citi. "Together, we are able to combine our expertise in Fleet and Commercial Cards to offer the federal government with an industry best-in-class product suite."
Agencies that now use the card include GSA, USDA, the Department of Defense's Defense Logistics Agency, the Department of the Treasury, the Department of Energy, and Amtrak.
Originally posted on Automotive Fleet