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cardholder fraud
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A cardholder forms a relationship with a local company to making purchases with no receipts found to support the purchase, and the amount of purchases from this company exceeds the normal expenditures?
cardholder fraud
When a cardholder's purchase card is about to expire he or she should?
When a cardholder's purchase card is about to expire he/she should:
When a cardholder's purchase card is about to expire he she should?
When a cardholder's purchase card is about to expire he/she should:
A cardholder had recently made a purchase with the purchase card It was not an approved government purchase and the cardholder was not able to return the purchased item to the merchant for a refund o?
The Government who then seeks repayment from the cardholder.
What is a responsibility of government purchase cardholder?
A government purchase cardholder is responsible for making authorized purchases on behalf of their agency while adhering to established procurement policies and regulations. They must ensure that all transactions are for legitimate government purposes, maintain accurate records of purchases, and provide necessary documentation for review and auditing. Additionally, cardholders are required to safeguard the card and report any loss or fraudulent activity promptly.
When making a purchase a cardholder was recently informed by the merchant that the purchase card account has been suspendedwho should the cardholder contact to address this matter?
The cardholder should contact the card company.
How many basic accounts in the government purchase card program managing account and cardholder accounts?
In the government purchase card program, there are typically two types of basic accounts: managing accounts and cardholder accounts. The managing account is responsible for overseeing multiple cardholder accounts, which are issued to individual users for making purchases. The specific number of accounts can vary widely depending on the agency or organization, but each managing account can control numerous cardholder accounts to facilitate procurement processes.
Who has responsibility to maintain a Purchase Log?
Cardholder
What are the differences between a purchase card and a credit card?
A purchase card is typically used for business expenses and is issued to employees by their company. It is meant for specific purchases and has restrictions set by the company. A credit card is a personal financial tool that allows the cardholder to make purchases on credit, with the option to pay off the balance over time.
A cardholder recently received approval to purchase a new printer for the agency The cardholder has a purchase card that has a single purchase limit of 1000 However the required printer costs 1?
AO
What is a non-pin purchase and how does it differ from a pin purchase?
A non-PIN purchase is a transaction made using a debit or credit card without entering a personal identification number (PIN). It differs from a PIN purchase, where the cardholder must enter a PIN to authorize the transaction. Non-PIN purchases are typically used for online or contactless transactions, while PIN purchases are more common for in-person transactions at stores or ATMs.
What are all responsibilities of a purchase cardholder?
A purchase cardholder is responsible for making authorized purchases within their designated limits, ensuring compliance with organizational policies and procedures. They must maintain accurate records of transactions, including receipts and documentation for accountability and auditing purposes. Additionally, cardholders are required to monitor their spending, report any discrepancies or fraudulent activities, and participate in training programs to stay informed about proper usage and regulations. Finally, they should ensure that purchases align with the organization's budget and needs.
