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A.
Cardholder benefits
- It is easier to make small purchases.
The Visa card is accepted virtually anywhere.
- The cardholder may make purchases
as needed. There are no delays associated with processing
a purchase order.
- No Petty Cash / No Personal Cash
/ No Requisitions
- Complete transaction reporting is provided
every month to the cardholder. Each cardholder receives a monthly
statement.
- Transactions can be viewed/modified on PACS
system.
B.
University costs
- There is currently no fee to the University
associated with the program. Every transaction made using the
purchasing card carries a fee that the vendor must pay to the
credit card network. This is what finances the credit card industry,
and the process is basically the same for all credit cards. There
is no cost, therefore, passed on to departmental budgets.
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