Federal SmartPay (formerly IMPAC) Credit Card Statistics
| Fiscal Year |
# of transactions |
# of cardholders |
Total FY $ |
| 1989 |
47,595 |
13,032 |
$9,088,038 |
| 1990 |
331,957 |
21,431 |
67,779,471 |
| 1991 |
730,564 |
35,234 |
167,747,687 |
| 1992 |
1,097,500 |
48,819 |
307,450,342 |
| 1993 |
1,736,373 |
84,284 |
537,501,272 |
| 1994 |
2,765,615 |
96,090 |
921,639,498 |
| 1995 |
4,246,329 |
130,353 |
1,591,836,136 |
| 1996 |
7,000,000+ |
185,000 |
$2.97 billion |
| 1997 |
11,500,000 |
240,000 |
$4.95 billion |
| 1998 |
16,400,000 |
340,000 |
$7.95 billion |
| 1999 |
20,600,000 |
500,000 |
$10.2 billion |
| 2000 |
23,500,000 |
490,000 |
$12.3 billion |
| 2001 |
25,000,000 |
410,000 |
$13.8 billion |
First three quarters of 2002 are 11% higher than last year at this time. We predict $15.5 billion for FY 2002.
Benefits of the credit card program for government are cost avoidance over paper-based procurement, and the speed by which government employees can get products and services to accomplish their work. Benefits for vendors are speed of payment and paperwork (PO processing) avoidance.
The growth of this program is expected to continue at a healthy pace for the next several years, especially if the micropurchase limit is raised to $5,000 or $10,000.
Most states and many local governments are also using small purchase credit cards, though with a smaller per-purchase level.
Amtower & Company maintains a current list of over 165,000 Federal credit cardholders, which is available for one-time list rental or annual unlimited-use licensing. Call 301-924-0058 (or email markamtower@gmail.com) for details.Amtower & Company
Federal Marketing Since 1985
P.O. Box 314, Highland MD 20777-0339
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