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The BGSU Purchasing Card is a JPMorgan Chase Visa card that can be used for making most purchases up to $3,500.00 per transaction. It includes an internet (PaymentNet) solution for transaction reviews/approvals and budget reallocation. It is open to University employees with appropriate authorization from their Department Head and the Purchasing Card Administrator. The BGSU Purchasing Card Program is designed to expand purchasing options. In addition to reducing the use of petty cash funds and confirming requisitions, it streamlines the small dollar purchasing process and reduces the number of requests for checks. In many instances, it eliminates the need for employees to expend personal funds while conducting University business. PaymentNet provides a valuable resource to obtain monthly statements as cardholders reconcile their receipts. Oversight for the BGSU Purchasing Card Program will be provided by the Purchasing Department, Internal Audit, and designated individuals administering the program in each department. Responsibility for appropriate administration and card usage rests with individual cardholders and departments. The Purchasing Department monitors departmental compliance with the BGSU Purchasing Card Program. |
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