David Shea, director of the center for charge card management at GSA, wrote in a blog post published Tuesday the BIC designation seeks to recognize the SmartPay contract vehiclesâ compliance with performance criteria for category management based on the Office of Management and Budgetâs guidance.
Shea noted that the contract vehicle processed approximately $28 billion in purchase, fleet and travel transactions and generated over $282 million in refunds for customer agencies in fiscal year 2015.
GSAâs center for charge card management oversees the SmartPay program that works to provide performance and transactional data to customer agencies as well as tools to help them comply with OMBâs analytics and data requirements.
Over 350 federal agencies and organizations worldwide have been using the GSA SmartPay contract to procure charge card and payment services since 1998.