The purchasing card is a product offered by US Bank. The Purchasing Card program is designed to improve efficiency by simplifying the processing of small dollar purchases. Cards are issued to employees, who use them to purchase goods or services from any merchant that accepts Visa credit cards. The card is embossed with the cardholder's name and the University tax-exempt number and will designate the University of Nebraska. The product does offer purchase limits.
The typical target usage is high frequency, low unit costs purchases. Reconcilement of the weekly charges is performed electronically, thereby eliminating the need to process supplier invoices and the need to issue checks to pay each supplier. UMB will be paid with an electronic funds transfer (ACH credit). Cardholders will complete reconcilement and dispute purchases weekly. Purchases appearing on the reconcilement will be charged to the card's default cost object. If the cost object needs to be changed or the purchase needs to be split between cost objects, these entries are made during reconcilement.
The Purchasing Card has a monthly spending limit. The Purchasing Card Monthly Spending Limit is $10,000. Purchasing Card limits may be adjusted only if approval has been granted, in advance, in writing from the Division of Business and Finance.
When the monthly spending limit is reached before the beginning of a new billing cycle all transactions on the Purchasing Card will be declined. Please note the end of the monthly billing cycle for the Purchasing Card is the 25th of each month.
Click here to download the purchasing card policies and procedures (PDF)
Click here to download a purchasing card application. (MS Excel Format)
If you would like more information on this program, contact Kim Christensen, Business Services, at (308) 865-8525 or send an email at firstname.lastname@example.org.
Amazon.com Prime Membership
Amazon Prime is a membership program that provides free shipping on many Amazon.com items for an annual fee. If you would like to enroll in this program, please review the Amazon.com Prime Membership Policy and complete and submit the Terms and Conditions Agreement to Business Services, Founders Hall, Rm 119.
Click here to open the Amazon.com Prime Membership Policy and Agreement (PDF)
If you would like more information on this program, please call Business Services at (308) 865-8525.