Under the incoming U.S. General Services Administration's
SmartPay 3 payment card program, federal agencies that opt for MasterCards will
get access to Oversight Systems' Insights On Demand T&E solution, the
monitoring and auditing company announced. The solution can "identify
unusual spending patterns and monitor transactions for potential misuse, fraud,
waste and abuse," according to Oversight Systems.
The GSA SmartPay 2 program, which will expire on Nov. 29,
2018, provides 560 federal agencies with purchasing, travel, fleet and
integrated MasterCard and Visa cards through Citibank, JPMorgan Chase and U.S.
Bank, according to a GSA spokesperson. In fiscal year 2016, which ended Sept.
30, 2015, the program processed $8 billion of transactions for its 2.1 million
travel card holders. MasterCards account for about 10 percent of the SmartPay 2
cards, according to the GSA.
The GSA will launch a card issuer RFP for SmartPay 3 soon
and expects to award master contracts this summer. Those contracts will go into
effect after SmartPay 2 expires, the spokesperson said.
The SmartPay 3 RFP draft that the GSA issued in June 2016 required
issuers and networks to provide a data mining solution. SmartPay 2 did, as well,
but federal agencies could choose whether to use it. Oversight Systems thinks adoption
will stop being optional, though, and expects the final RFP to require issuers
to make those data mining solutions cloud based.
MasterCard's existing Expert Monitoring System
data mining solution is not cloud based, and thus the network "elected to
partner with Oversight to provide this capability," according to an
Oversight Systems spokesperson.