B. General US Bank has contracted with OUS to provide Visa credit cards, called procurement cards. The cards may be used only to purchase goods and services for the agency. The bank issues procurement cards to campus departments and divisions. Each card is assigned to an employee custodian. The custodian maintains documentation, reconciles the bill on a monthly basis, and ensures that the card is used for authorized purchases only.
Authorized employees charge purchases for the department to the card.
Such purchases must comply with OUS policies governing purchasing and credit card usage. Users A Visa Card Application and Agreement form obtained from Business Affairs is completed, read and signed by the custodian and other employees authorized to use the card. The department administrator approves the application. The application is then sent to Business Affairs, which requests the card from the bank. After a card is issued, additional authorized users need only sign the department's copy of the Visa Card Application and Agreement.