Skip to Content

Tag Archives: government purchasing cards

Government Contractor Lending Programs: Another Arrow in the Quiver for Banks

Many banks, especially in the Washington, DC area, have developed special programs for lending to federal contractors.  These include Virginia Commerce Bank, John Marshall Bank, First Virginia Community Bank, Capital Bank, Virginia Heritage Bank, Sandy Spring Bank, Xenith Bank, United Bank, Access National Bank, Cardinal Bank, Bank of Georgetown, and Freedom Bank of Virginia.  These institutions understand that working with businesses that have the government as their main customer requires specialized knowledge and expertise.

Washington Technology had an article about one… Read More »

Government’s Federal Strategic Sourcing Initiatives Gets More Momentum

A memo released by the Office of Management and Budget (OMB) on December 5, 2012 focused on continuing to new direction on federal procurement practices. As OMB’s Deputy Director Jeffrey Zients notes in his Dec. 5 memo, “One key way agencies have saved money is by pooling their spending, either by centralizing the agency’s contracting decisions or by using government-wide strategic sourcing vehicles, in order to lower prices and reduce duplication and reduce administrative costs.” Building on established… Read More »

More Strategic Sourcing Is Coming! Are You Prepared?

In a recent article at the Federal Times, Sarah Chacko wrote about the impending changes to the Strategic Sourcing Initiative.

The GSA implemented Strategic Sourcing Initiatives to reduce costs and improve the overall procurement experience. According to the GSA, FSSI has been implementing strategic sourcing solutions for the government since 2005.  The initiative has proven results that include cost savings, improved management visibility and adoption of industry and government agencies best practices. The initiative also has helped improve government management of commonly purchased goods… Read More »

Guest Post – Stephanie Levine of Princeton Payment Solutions

Government Charge Card is pleased to publish the following guest post by Stephanie Levine, Director of Marketing at Princeton Payment Solutions (PPS). PPS is a division of Financial Transaction Services (FTS) who provides comprehensive responses to critical payment components for clients.

In the article below Stephanie discusses the importance of Oracle EBS, GSA SmartPay2 ™ and Level-3 data and especially PCI Compliance for companies doing business with the U.S. government.

************

Kicking it Up by Shrinking it Down: Level 3 and Reducing the… Read More »

The Confusion Behind Level 3 (Part 2)

In an earlier article, I wrote about how the cost of processing a credit card (the interchange) is dependent on multiple factors such as the type of card issued, how it is processed, and the type of business that it is used in. Taking the data that is required a step farther, below is a summary of the required data elements that make up all levels of processing:

LINE ITEM DATA

LEVEL 1

LEVEL 2

LEVEL 3

Merchant Name

X

X

Read More »

Government Credit Card Fraud

Government purchasing cards (like the GSA SmartPay, the world’s largest government spending card), provide agencies and contractors a plethora of benefits. Unfortunately these benefits do not get the media coverage they deserve, as the only kind of media that usually occurs is when something goes wrong.

Here’s an example. The video footage is from a local Florida news station detailing how several state employees abused their government purchasing cards:

As we’ve stated in previous editorials, instances of purchasing fraud are bound… Read More »

The Upcoming Schedule 70 SSI for Mobile and Level-3

In a recent interview on Federal News Radio’s Off the Shelf, one of the topics GSA FAS commissioner Steve Kempf discussed with show host Roger Waldron was the pending Schedule 70 Strategic Sourcing Initiative (SSI) for mobile communications. This SSI will be the latest in a recent series of initiatives applied to a GSA Schedule to improve purchasing efficiency.

One aspect that often gets overlooked by contractors when they hear about the various SSIs is that a basic requirement to… Read More »

Congressional Fishing Expedition in Response to GSA Scandal?

Government Executive published a very good story last week about congressional investigation into the 2010 GSA Western Region conference. In preparation for hearings, House Oversight and Government Reform Chairman Darrell Issa has requested information on all conferences from 23 departments dating back to 2005.

Certainly an investigation is warranted in the wake of the GSA disclosures. But it’s a fair question to ask whether all this internal research and back tracking is the best use of time for agency personnel,… Read More »

Government Waste and Fraud — How Level-3 Processing Alleviates Some Pain

As our nation’s federal budget deficit is on track to top $1 trillion for a fourth straight year, one can’t help but see a direct correlation of government waste and fraud having an impact. Recent scandals in which tax payer dollars have been squandered are examples that may go unnoticed initially, but as our nation moves forward with initiatives of increased audits and acts aimed at preventing government charge card abuse, agencies can expect such instances to be taken… Read More »