Citigroup, the better U.S. coffer by assets, will accommodate biking charge-card casework to the U.S. Defense Department, replacing Coffer of America. The arrangement is admired at $40 billion over the aing decade.
New biking cards issued beneath the General Casework Administration’s SmartPay 2 affairs will go to 1.2 actor cardholders in November, the Defense Department said bygone in a account acquaint on its Web site. The affairs handles bartering biking arrangements, and its agenda holders accounted for 61 percent of absolute government biking spending in 2006.
Coffer of America said aftermost year that it would no best participate in government charge-card programs because the business was unprofitable. The Defense Department arrangement “was not applicable for us” financially, said Coffer of America agent Timothy Gilles. Officials at Citigroup weren’t accessible to comment.
Citigroup was the better federal agenda issuer as of June 1, with 40 percent of the business, according to GSA abstracts at the time.
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