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Res. #11-025 - Corporate MasterCard Account
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Res. #11-025 - Corporate MasterCard Account
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11/3/2011 12:20:03 PM
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10/28/2011 10:25:59 AM
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Program Restrictions <br /> Each MasterCard Purchase Card has been assigned a monthly credit limit determined by the City. <br /> Harris Bank will only take direction from your authorized program administrator. All requests <br /> and limit changes must be approved by your program administrator, or Harris Bank will not make <br /> those changes. <br /> The MasterCard will be accepted for purchases of generally approved City of Centerville <br /> commodities. Businesses and services determined not to offer products commonly accepted for <br /> City of Centerville use have been blocked from accepting the Purchase Card. Limiting the <br /> acceptable Merchant Category Codes does this. The Merchant Category Code is a four -digit <br /> classification code used in the authorization and settlement systems to identify the type of <br /> merchant (commonly known as Standard Industrial Code "SIC "). <br /> Levels of credit authorization are in place to clearly define the individual purchasing limit <br /> controls. We have chosen to define our control limits by levels. Each designated level will have a <br /> transaction limit, daily limit, and monthly limit. <br /> Transaction Daily Monthly <br /> Level Limit Limit Credit Limit <br /> Level 1 $ 2000 $ 2000 $ 2000 <br /> Level 2 $ 5000 $ 5000 $ 5000 <br /> Level3 $ 7000 $ 7000 $ 7000 <br /> Level 4 $ 18,000 $ 18,000 $ 18,000 <br /> Transactions falling outside the assigned level are designed to be declined at the <br /> point of sale. <br /> If your card is declined by a merchant and you feel the decline should not have occurred, contact <br /> the finance director or Corporate Client Services of Harris Bank at 1- 800 - 263 -2263 within 24 <br /> hours. <br /> Request for transaction, daily and monthly limit changes are to be made by the supervisor to the <br /> Program Card Administrator. <br /> 6 <br />
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