THE UNIVERSITY OF TENNESSEE Group Travel Procurement Card: Fill out & sign online

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Is a procurement card the same as a credit card?

Although they may seem similar at first glance, purchasing cards offer distinct advantages over traditional credit cards, especially regarding business procurement. They empower users with more control over transactions, amounts, and vendors, acting as personalized assistants for procurement needs.

Is a procurement card the same as a debit card?

Procurement Card or P-Cards Explained Purchasing cards allow employees to quickly and efficiently buy what they need, and automatically record all transactions. Procurement cards can be connected to a credit facility, or a bank account to work similar to a debit card.

What is procurement card program?

The Procurement Card (P-Card) Program allows agencies to purchase commodities, capital items (within program guidelines) and service related transactions with P-Cards issued by UMB Bank (UMB) to agency employees. Cardholders obtain receipts for all transactions.

What is a Visa procurement card?

The Visa Purchasing card helps expedite the procurement process by eliminating the need to issue purchase orders, invoices and checks, generating cost savings.

What is the difference between a procurement card and a travel card?

P-Card administrators can restrict usage to a certain dollar threshold or to a list of pre-approved merchants, which is why P-Cards are typically used for goods and services instead of travel. Corporate or travel cards typically have less restrictions and function in much the same way as personal credit cards do.

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