Procurement Card Program
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Procurement card - a credit card designed for use by The University of Texas. You may use it to make low dollar value purchases from vendors who accept the MasterCard credit card. Sometimes referred to as a PCard.
Billing cycle - the monthly billing period.
Approving official - a person or persons senior to the cardholder who will be responsible for reviewing procurement card transactions and approving VP7 documents for payment.
MCC - Merchant category codes
VP7 - Official payment voucher