The Commercial Card Services contract #00719 is a multi-state competitive procurement led by Washington State on behalf of and in collaboration with NASPO ValuePoint participating states.

Card Products

A complete description of card products and services can be found in Exhibit B of the NASPO ValuePoint Master Agreement.

1. Declining Balance/Managed Spend Card
2. Emergency Card
3. One Card
4. Purchase Card
5. Travel Card
6. Virtual Card

Rebate/Incentive Share (Effective January 1, 2021):

1. STANDARD VOLUME INCENTIVE - Each Purchasing Entity will receive a basis point (percentage) of their quarterly standard sales volume. The formula for calculating the Standard Volume Incentive is:
   
   (Quarterly Total Volume – Quarterly Non-Standard Volume) x basis points = Quarterly Standard Volume Incentive.
   
   Standard Volume Basis Points: 135
    
2. NON-STANDARD VOLUME INCENTIVE - Each Purchasing Entity will receive a basis point (percentage) of their quarterly non-standard sales volume. Non-Standard sales volume includes Large Ticket (LT) and Merchant Negotiated Interchange (MNI) Transactions. The formula for calculating the Non-Standard Volume Incentive is:
   
   (Large Ticket Quarterly Volume x Large Ticket basis points) + (Merchant Negotiated Interchange Quarterly Volume x Merchant Negotiated Interchange basis points) = Quarterly Non-Standard Volume Incentive.
   
   Large Ticket Purchases Basis Points: 135
   Merchant Negotiated Interchange Basis Points: 135
    
3. PROMPT PAYMENT INCENTIVE - Each Purchasing Entity will receive a basis point (percentage) of their Quarterly Total Volume based on the entity’s average speed of pay. The formula for calculating the Prompt Payment Incentive is:
   
   Quarterly Total Volume x Basis Points for Entity Average Client-held Days = Quarterly Prompt Payment Incentive.
   
   U.S. Bank will calculate the “average Client-held Days” by dividing the sum of daily balances during each Quarter by the Quarterly Total Volume (plus cash-advances), subtracting 15 from the result, and rounding up to the next whole number.
   
   Note: The payment terms for the Master Agreement is forty-five (45) days.
   
   Basis Points Offered:

   Avg. Client- held Days	Basis Points	Avg. Client- held Days	Basis Points	Avg. Client- held Days	Basis Points
   1	44	16	29	31	14
   2	43	17	28	32	13
   3	42	18	27	33	12
   4	41	19	26	34	11
   5	40	20	25	35	10
   6	39	21	24	36	9
   7	38	22	23	37	8
   8	37	23	22	38	7
   9	36	24	21	39	6
   10	35	25	20	40	5
   11	34	26	19	41	4
   12	33	27	18	42	3
   13	32	28	17	43	2
   14	31	29	16	44	1
   15	30	30	15	45	0

   
    
4. NATIONAL ANNUAL VOLUME INCENTIVE - Each Participating State will receive an incentive based on their contribution to the National Annual Volume (total annual sales for all Participating States/Purchasing Entities). The Basis Point rate is determined by the National Annual Volume (total annual sales for all Participating States/Purchasing Entities). The formula for calculating the National Annual Volume Incentive is:
   
   Annual Volume X basis points = National Annual Volume Incentive.
   
   Basis Points Offered:

   National Annual Volume	Basis Points
   $500,000,000 – $2,000,000,000	34.75
   $2,000,000,001– $3,000,000,000	34.75
   $3,000,000,001– $4,000,000,000	34.75
   $4,000,000,001– $5,000,000,000	34.75
   $5,000,000,001+	34.75

Resources and Contacts

To set up a new account, contact Leslie Massey at US Bank.
For questions about a current account, contact Monica Lockett at US Bank.
For more information about the program, contact Marquita Price or Marquita Price with the Department of Enterprise Services.
For P-Card program support, implementation, and optimization, contact Michael Lix with the Department of Enterprise Services.

Required Forms

1. Know your Customer – Exempt Entities
2. U.S. Bank W-9 Form v1.3
3. Card User Agreement

Purchase Card Policy (No. FO.03.01)

Training and Support

Access Online Updates

Rebate Reports

Contract 00719, effective January 1, 2021

• 2021 Q2 Rebates
• 2021 Q1 Rebates

Contract 00612, ending December 31, 2020

• 2020 Rebate
• 2019 Rebates
• 2018 Rebates

Commercial Card Newsletter – A new newsletter is expected Q1 2022

• Sign up to receive the Commercial Card Newsletter

2019 Purchasing Card Forum Presentations

• P-Card Forum Presentation

NAPCP Membership - Discount Code

Interested in a NAPCP Membership? Visit their website.
Use this membership code and receive a reduced annual rate of $99 (normally $495): NR2BOV41K2P3 (code expires 10/2022)
Contact Heidi Kliher (Administrative Manager) if you have issues with the discount code.

In addition to receiving incentive share (rebate)s, benefits include:

• Lower administrative costs by issuing one payment per month to cover all purchases instead of processing multiple purchase orders and payments.
• Better security because transactions can be monitored online almost immediately, rather than waiting for end-of-month invoices.
• Quicker payments to suppliers.