The P-Card is a MasterCard from First National Bank of Chicago that allows you to use a credit card to make purchases directly from any vendor that accepts MasterCard. This new limit applies to individual cards, but departments are not required to increase their card limits to the new level.
Departments retain the ability to have unique limits applied to each cardholder.
Departments generally use the software to manage and track the use of their P-Card. The software allows departments to log purchases and to match the charges which come to the bank each night. Each month the University sends a single check to First Chicago to cover all the purchases made by the University. The P-Card provides prompt payment to vendors while eliminating the need for the University to issue a check to each vendor. If you would like more information on the program and to learn how to use the P-Card software, sign up for one of the weekly training sessions.