The University of Oklahoma is pleased to announce they have selected a new Purchasing Card (P-Card) program to replace the current JP Morgan Chase MasterCard program effective June 17, 2006.
 
After reviewing several proposals another MasterCard program offered by GE Capital, a subsidiary of General Electric, was selected.  University policies and procedures regarding allowable expenditures for the credit card will not change. 
 
The MasterCard is accepted at over 15 million locations worldwide making the payment process of their invoices both convenient and productive. By using the card for all allowable business expenses, the University of Oklahoma will continue to benefit from availability of increased information on small dollar expenditures.  The primary benefits of the OU credit card program are access to companies that will not accept purchase orders, a reduction in the number of checks issued and a reduction in paperwork.
 
New applications and training on the new database will be required for all credit card users (cardholder, reviews, approvers and reconcilers). 
 
Additional announcements regarding the new applications, training dates, and other pertinent information regarding the new program will be posted starting next week on the Purchasing website at www.ou.edu/purchasing/home and forwarded to all current credit card users via email.
 
 
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