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. 
 
 
Please forward all questions to [log in to unmask] 
 
 
 
Please do not reply to this email.  Direct inquiries to
[log in to unmask]  Thank you