The UBF Procurement Card Guidelines are designed to provide guidance in the proper use of the UBF PCard for new and current cardholders.
The UBF Procurement Card is issued by UB Foundation Activities (UBFA) to aid in procuring and paying for small dollar purchases up to $2,500 each. Items to be purchased may include any business-related travel, meals, supplies, equipment, and other appropriate expenses permitted under current university and departmental guidelines. See below for a sample list of restricted purposes.
Cardholders may be able to process purchases up to $2,500 per transaction and a maximum of up to $10,000 per monthly cycle. The Cardholder will not be billed directly for the charges, but will be responsible for monthly account reconciliation as detailed below.
UBF Procurement Cards are provided to facilitate the purchase of business-related goods and services and to substantiate eligibility for waiver of New York State (NYS) sales tax for such transactions. One card can be issued per person, and each card may be used to purchase items against multiple authorized accounts. All original receipts and documentation must be submitted in a timely manner to UBFA.
Business-related purchases made with the UBF Procurement Card will be reviewed for compliance with the financial institution’s rules and regulations, federal regulations, and university policies. Since this review takes place after the purchase and payment to the vendor or supplier has been made, the Cardholder may be responsible for reimbursement to UBFA if it is determined that the purchase is not allowable.
The UBF Procurement Card should not be used for the following types of purchases. This is a sample list and not meant to be all inclusive as to restricted purchases.
Each Cardholder will be responsible for verifying all charges associated with the card and submitting a monthly reconciliation for appropriate approval. The Cardholder must review the monthly statement for accuracy and compare each transaction with receipts and/or invoices. Complete this verification as soon as possible so that any discrepancies can be reported.
The Cardholder monthly reconciliation process should include the following:
It is the responsibility of the Cardholder to ensure that sufficient funds are available through UBFA to cover any expenditures.
It is the responsibility of the Cardholder to report any lost or stolen UBF Procurement Cards immediately to American Express and UBFA at 645-3013.
In the event a Cardholder cannot resolve an issue with the supplier, or an unauthorized transaction is discovered, the Cardholder should report the dispute immediately to American Express.
Any charges resulting from fraud or misuse become the personal liability of the Cardholder. UBFA will not be liable for any charges incurred by non-employees. Unauthorized purchases may result in the Cardholder becoming personally liable for the charges.
If the Cardholder leaves the university, the Cardholder must contact UBFA to request a cancellation. The cut up card should then be forwarded to the UBFA offices. The Cardholder should complete any outstanding reconciliation(s).
The Cardholder should ensure that the Cardholder profile tied to the UBF Procurement Card and the record on file with UBFA are up-to-date. Updates should be submitted in writing and made in a timely manner.
Any improper use of the card by the Cardholder may lead to a suspension or cancellation of all UBF Procurement Card privileges. Failure to timely reconcile monthly activity with the Cardholder statement within 15 days by submitting receipts and summaries or insufficient funds available through UBFA may lead to a suspension or cancellation of all PCard privileges. UBFA may cancel any PCard with or without notice.
Center For Tomorrow
1. American Express: 1-800-492-4920
2. PCard Administrator: 716-645-8749