Our commercial card provider, US Bank, has changed its procedure for expedited card requests. Effective immediately, all newly issued and replacement cards will incur a $20 fee for rush delivery. The fee will be charged to the card account associated with the request, and it will be the responsibility of the cardholder and/or their department to reconcile this expense. The PSC does not charge any fees for rush processing.
With the revised Finance Procedural Statement Business Expense Substantiation & Tax Implications, effective January 1, 2023, requirements for timely substantiation/submission of business expenses apply to commercial credit card transactions – including Procurement Card – in addition to employee reimbursements.
