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This guide outlines the procedures and guidelines for using the Illinois Institute of Technology’s JP Morgan Chase Bank MasterCard Procurement Program, which facilitates the procurement of low-value
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How to fill out mastercard procurement program cardholders
How to fill out MasterCard Procurement Program Cardholder’s Guide
01
Obtain a copy of the MasterCard Procurement Program Cardholder’s Guide from your organization's procurement office.
02
Review the introduction section to understand the purpose and benefits of the program.
03
Carefully read the eligibility criteria to ensure you qualify for a procurement card.
04
Complete the application form provided in the guide, including necessary personal and departmental information.
05
Familiarize yourself with the transaction limits and spending categories outlined in the guide.
06
Learn about the approval process for transactions and required documentation for compliance.
07
Review the reporting instructions to learn how to track and report your purchases effectively.
08
Understand the consequences of non-compliance as detailed in the guide.
09
Complete any required training sessions as mentioned in the guide's training section.
10
Keep the guide handy for future reference regarding your responsibilities and best practices.
Who needs MasterCard Procurement Program Cardholder’s Guide?
01
Employees who are responsible for managing purchasing or procurement within their organization.
02
Individuals who have been issued a MasterCard Procurement Card for official business transactions.
03
Department heads or managers overseeing procurement processes.
04
Any staff members involved in financial reporting or compliance related to procurement spending.
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What is MasterCard Procurement Program Cardholder’s Guide?
The MasterCard Procurement Program Cardholder’s Guide is a document that provides guidelines and instructions for cardholders using the MasterCard Procurement Program to ensure proper use of the procurement cards.
Who is required to file MasterCard Procurement Program Cardholder’s Guide?
Employees or individuals who are cardholders and utilize the MasterCard Procurement Program to make purchases on behalf of their organization are required to file the guide.
How to fill out MasterCard Procurement Program Cardholder’s Guide?
To fill out the guide, cardholders should follow the outlined procedures in the guide, provide the requested information accurately, and submit any necessary documentation or approvals as specified.
What is the purpose of MasterCard Procurement Program Cardholder’s Guide?
The purpose of the guide is to ensure proper use of procurement cards, facilitate compliance with organizational policies, and promote responsible purchasing practices among cardholders.
What information must be reported on MasterCard Procurement Program Cardholder’s Guide?
Cardholders must report details such as transaction dates, amounts, descriptions of purchases, and any necessary approvals or documentation based on the guidelines provided.
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