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Tag Archives: Level-3 data

GSA SmartPay Usage Is Down – How Is It Affecting You?

Recently, Mark Amtower showed the statistics in the decrease of spending in the GSA SmartPay program.  Spending dropped approximately 3 billion dollars and 20,000 transactions in FY 2012 compared to FY2011.  Are you suffering from lowering buying from the government?  If so, how do you offset this?  It’s time to look at your expenses.  The first place to look is at your credit card processing expenses.

As discussed extensively in this blog, providing level 3 data can reduce your expenses… Read More »

The GSA Initiative: Lowering Costs and Increasing Competition

It’s the beginning of a new year. Out with the old and in with the new as the mantra goes. It’s that time when we look for a new start, a different way of thinking, thoughts about how to improve our business, etc.

Recently, a blog written on January 10th by Dan Tangherlini , Acting Administrator, General Services Administration, titled GSA to Launch 10 Strategic Sourcing Initiatives, spells out the new, upcoming initiatives of strategic sourcing and the plans to… Read More »

The Goverment has their Initiative. Whats yours? Lower Costs.

The pricing in your bids to the government just got a lot more competitive.The Office of Management and Budget (OMB) released a memo on December 5, 2012 that outlines the focus of more Strategic Sourcing Initiatives.

As OMB’s Deputy Director Jeffrey Zients notes in the 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… 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.

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

The Confusion Behind Level 3

Often times when the subject of level 3 processing comes up, a blank stare and glazed eyes all of a sudden come to life. Many government contractors just don’t understand the nature of how credit card transactions qualify with the credit card processing networks, let alone how the money magically appears in their bank account or how the fees that they are charged for those transactions are calculated.

While Visa/MasterCard Interchange tables, the mechanism that determines how much the card transactions… Read More »

Simplified Acquisition: What’s in it for you?

The Chief Visionary at ASBC, Guy Timberlake, recently wrote an article regarding the Simplified Acquisition program of the Federal Government in the state of Virginia.  The article points out that 1790 funding offices account for the FY12 simplified spending in the state.  Over $11 million was spent via Smart Pay Purchase Cards.

The article also notes that the  TSA, Federal Prison Systems, Navy, VA and the Army are the top five contracting agencies issuing simplified acquisition payments via the purchase… 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 for companies doing business with the U.S. government.

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Finding the Sweet Spot: Oracle EBS, GSA SmartPay2 ™ and Level-3 Data

Companies using Oracle… Read More »

Transparency in Government – How Contractors Can Show Their Support

Transparency in government will continue to be a hot topic for quite some time, especially as more stories continue to emerge of it helping executive departments and agencies become more efficient and of transparency helping to prevent fraudulent use of public funds.

Take for instance a recent article in Federal Computer Week that discussed transparency as being credited for preventing fraud from occurring with the Recovery Act of 2009. Earl Devaney, retired chairman of the Recovery and Accountability Board, highlighted… Read More »

Compliance Hurdles Create Opportunities for Government Contractors

An excellent article recently published on Centre Knowledge, the official blog of a government consulting services firm Centre Consulting, discussed the regulatory and compliance hurdles contractors must overcome to remain ahead of the competition. The author, Eric S. Crusius, Esq. highlighted the importance of allocating more resources to government compliance and how this can lead to greater profits in the long run for contractors.

The author specifically speaks of two distinct areas of compliance with the Service Contract Act (SCA)… Read More »

Securing the Benefits of Level-3 Processing

With the challenges that many government contractors face today, it is no wonder that they rely on their banks to set up their credit card processing.

The unfortunate downside for relying on banks however, is that they are not in business to make sure that contractors are properly set up to accept credit cards in the most efficient and economical matter. If they were, then merchants would be able to submit purchases electronically to a government buyer with detailed transaction information…. Read More »