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P – CARD PROGRAM

P – CARD PROGRAM. OR PROCUREMENT CARDS PROGRAM. It’s a JOINT PROGRAM working through HARRIS BANK (Bank of Montreal), Illinois ASBO, Iowa ASBO, 20 Iowa school districts, and 10 other states with ASBO affiliates. WHY JOINT MULTI-STATE CONSORTIUM?. Bank services offer:

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P – CARD PROGRAM

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  1. P –CARDPROGRAM OR PROCUREMENT CARDS PROGRAM

  2. It’s a JOINT PROGRAM working through HARRIS BANK (Bank of Montreal), Illinois ASBO, Iowa ASBO, 20 Iowa school districts, and 10 other states with ASBO affiliates.

  3. WHY JOINT MULTI-STATE CONSORTIUM? Bank services offer: • Successful negotiations with financial and credit card companies. • Large volume of cooperative efforts result in better rebate and fee schedules. • Legal assurances previously completed, and supported by IASBO legal counsel. • Proven track record of use by other states and districts. • Access to the service by small districts otherwise unable to participate on their own. • Rebate program (.85%).

  4. COSTS • No set up fees • No annual card fee • No monthly billing fee • No online access fee • No card cancellation fee • No fee to issue initial or replacement card

  5. NOCHARGES OTHERS CHARGE FOR: • Central billing • Over limit fee • Overnight delivery of replacement card • Monthly report fee • Cost per individual bill • Average transaction size (NOT a factor) • Rebates (.85%)

  6. SPECIAL FEATURES • Rebate (.85%) • Fraud Protection • 100% locally administered

  7. Why was MasterCard Selected? • Individualized training • Global acceptance at over 35 million location • Retailers benefit from low transaction charge

  8. VENDOR BENEFITS • Reduces paper processing/billing • Reduces vendor’s time/costs of processing/depositing payments • Reduces vendor transaction costs • Vendor paid by Harris within 48 hours of shipment/pick-up • Reduces the issues of partially filled orders

  9. GETTING STARTED • Approve resolution authorizing issuance of individual procured cards (note sections 3 through 6). 2. Approve and sign member account agreement form. 3. Complete internal control paperwork *Organization setup form *Individual P-Card use agreement *Statement of authority

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