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4C, Motion to Authorize Agreement With US Bank
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4C, Motion to Authorize Agreement With US Bank
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10/24/2024 9:44:34 AM
Creation date
10/13/2008 11:16:20 AM
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Agreement With US Bank
General - Type
Agreement With US Bank
Date
10/13/2008
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Here are some bullet points about the program: <br />- The One Card can be issued to employees and officials who purchase goods and <br />services or perhaps travel and entertainment <br />- The program decreases costs associated with processing checks, invoices, and <br />purchase orders <br />- Delivers transaction data to control and monitor activities � <br />- Facilitates budget, employee and vendor management <br />- Provides vendor data that can be used for year end reporting or data ractices <br />p <br />- Vendors receive payment for goods and services shortly after the they submit the <br />transaction to their merchant processor - perhaps next day <br />- Billed monthly for transactions based on the cycle date you establish <br />- Controls are built into the product to mitigate misuse. <br />- Monthly credit limit runs to the City <br />- Individuals are not required to provide SSNs to the Bank <br />- No longer need to use personal credit cards or perhaps share cards <br />- Individuals credit rating is not impacted <br />- The City determines which individuals who can have a card issued to them <br />- The City administers the spencling Iimits per month or per transaction by card <br />holder <br />- The City can restrict which merchant types the individuals can use the respective <br />cards <br />- Online management reports <br />- Online access for employees <br />- Fraud protection of up to $100,000 per card per transaction <br />- The City is liable for all real business charges - not liable for fraudulent activity or <br />employee misuse. <br />- Free program for the City <br />
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