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The default daily single P-Card transaction spending limit is $9,999.99. Aligning with the Automatic Purchase Order (APO) limit, the single transaction limit for most Procurement Cards (P-Cards) is $9,999.99.
The physical card will be mailed to the cardholder/department based on the mailing address on the PCard Application. The cardholder is responsible for activating the card for usage upon receipt via a website portal.
Using the p-card, they can make the purchase via the suppliers website, which accepts the p-card payment. The merchant acquirer, also known as the suppliers bank, processes the payment and provides it to the supplier. The transaction, along with the receipt or invoice, is then forwarded to the finance team.
Cardholders who misuse or fraudulently use the PCard are subject to investigation, disciplinary action, termination of employment, and may also be subject to criminal prosecution. The system can deduct any personal or non-system related PCard charges from the Cardholders wages.
Cardholders who misuse or fraudulently use the PCard are subject to investigation, disciplinary action, termination of employment, and may also be subject to criminal prosecution. The system can deduct any personal or non-system related PCard charges from the Cardholders wages.
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Develops and facilitates P-Card training programs. Monitors P-Card activity, compliance with policies and procedures and usage patterns; investigates unusual patterns and analyzes expenditures; provides statistical data upon request.