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Article: United States: U.S. Treasury Selects J.P. Morgan for U.S. Debit Card Program.
- Article from:
- TendersInfo
- Article date:
- March 21, 2009
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Byline: ravir98
The U.S. Department of Treasury s Financial Management Service (FMS) has renewed its designation of J.P. Morgan as its financial agent to support FMS s U.S. Debit Card program, which provides Prepaid Debit Card Services to federal agencies. The three year award is part of the Treasury Department s strategic plan to reduce the number of paper checks issued by Federal Government.
Two types of debit cards will be offered: single deposit cards and multiple deposit cards. Single deposit cards can be used by agencies to pay a cardholder an incentive, bonus, one-time stipend, per diem or other similar one-time payment type. Multiple deposit ...