PURCHASING CARD SUPPORT FORM To Be Completed by 2025

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Sometimes referred to as procurement cards, procards or p-cards, purchasing cards are a type of corporate credit card designed to make the purchasing process easier for companies. These cards can help reduce inefficiencies in traditional purchase processes.
Maintains accurate and detailed record keeping for all card holders; Ensures purchasing card transactions are made ing to policy and procedures, local and federal laws, and applicable regulations.
Purchasing cards allow users to make purchases directly within the guidelines of company policy, offering greater flexibility compared to the fixed limits of credit cards. They enable businesses to tailor spending limits and restrictions for different employees or departments, ensuring adherence to budget constraints.
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.
The Payment Card Program is a fast, flexible purchasing method for processing delegated orders from suppliers that accept credit cards. The purpose of the Payment Card Program is to establish a more efficient, cost-effective method of the delegated purchasing and payment for delegated dollar transactions.
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The Penn State Purchasing Card may only be used to acquire goods, materials, authorized services and/or travel-related expenditures, including group meeting and meal expenses, necessary for the ongoing operation of the University. Purchases for personal use are strictly prohibited.

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