Control Prior to Purchase

Purchases are controlled through a combination of external controls and internal Policies and Procedures. The bank checks the following criteria for each transaction prior to giving the vendor approval to accept the transaction:

  • Dollar limit of individual transaction
  • Daily limit on number of transactions
  • Monthly limit on number of transactions
  • Monthly dollar limit
  • Daily dollar limit
  • MCC number not blocked

If any of the above criteria exceed the parameters set up for a Fuel Card by the University, the bank will refuse to give the vendor approval to accept the Card as payment for the transaction.  

 

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