Definitions for "PURCHASING CARD"
A credit card used by employees up to their delegated authority to make departmental purchases.
Handled like credit cards, these are assigned to individual employees for making low dollar purchases without having to generate a purchase order. These purchases are settled monthly based on a combined statement with detailed invoice information.
Louisiana La Carte purchasing card is a Visa® credit card issued by Bank of America for use by authorized state employees for the purpose of making small dollar purchases on behalf of their department. Issuance of this card in no way affects established purchasing rules and regulations.
a payment mechanism designed to help companies and institutions maintain control, while reducing the administrative cost associated with authorizing, tracking, paying, and reconciling small purchases
Designed to help companies maintain control of purchases while reducing the administrative cost associated with authorizing, tracking, paying, and reconciling those purchases.