Common use of Purchasing Cards Clause in Contracts

Purchasing Cards. The City of Orlando has implemented a Purchasing Card Program to streamline our procurement process. In order to expedite payments to our suppliers, we are using The Bank of America VISA Purchasing Card rather than the traditional Field Purchase Order. By making purchases with the Purchasing Card, we can more effectively control our procurement activities and achieve a significant cost savings over our current paper purchasing/payment system. As one of the City of Orlando’s valued suppliers, your business can also achieve cost savings results by accepting our Purchasing Card. Some of the identified supplier benefits of this Program are: * Payment within 48-72 hours * Direct electronic deposit to your primary banking account * Increase in working capital * Elimination of invoicing * Reduced collection efforts * Enhanced corporate relationships * Reduced billing costs * Enhanced reporting * Increase sales as a “Preferred Supplier” Additionally, you will be able to grow your customer base by accepting purchasing cards from other corporate customers as well as all major credit cards. We encourage your acceptance of VISA so that you may enjoy the advantages of our Purchasing Card Program. The City’s Purchasing Card system is controlled by the magnetic strip on the back of the card. This magnetic strip will provide needed accounting information to the City and will also restrict the use of the card to certain suppliers and limits set by the City. A magnetic strip card-reading terminal is necessary to perform this function. If you already accept VISA, you probably have such a terminal. If you do not accept VISA, please contact any bank that offers the VISA program. Payments made to the successful bidder or proposer of this solicitation process will quite possibly be by use of a VISA Purchasing Card. Therefore, it is imperative that vendors doing business with the City accept VISA.

Purchasing Cards. The City of Orlando has implemented a Purchasing Card Program to streamline our procurement process. In order to expedite payments to our suppliers, we are using The Bank of America VISA Purchasing Card rather than the traditional Field Purchase Orderpaper method. By making purchases with the Purchasing Card, we can more effectively control our procurement activities and achieve a significant cost savings over our current paper purchasing/payment system. As one of the City of Orlando’s valued suppliers, your business can also achieve cost savings results by accepting our Purchasing Card. Some of the identified supplier benefits of this Program are: * • Payment within 48-72 hours * • Direct electronic deposit to your primary banking account * • Increase in working capital * • Elimination of invoicing * • Reduced collection efforts * • Enhanced corporate relationships * • Reduced billing costs * • Enhanced reporting * • Increase sales as a “Preferred Supplier” Additionally, you will be able to grow your customer base by accepting purchasing cards from other corporate customers as well as all major credit cards. We encourage your acceptance Payments made to the successful bidder or proposer of this solicitation process will quite possibly be by use of a VISA so Purchasing Card. Therefore, it is imperative that you may enjoy vendors doing business with the advantages of our Purchasing Card ProgramCity accept VISA. The City’s Purchasing Card system is controlled by the magnetic strip on the back of the card. This magnetic strip will provide needed accounting information to the City and will also restrict the use of the card to certain suppliers and limits set by the City. A magnetic strip card-card reading terminal is necessary to perform this function. If you already accept VISA, you probably have such a terminal. If you do not accept VISA, please contact any bank that offers the VISA program. Payments made to the successful bidder or proposer of this solicitation process will quite possibly be by use of a VISA Purchasing Card. Therefore, it is imperative that vendors doing business with the City accept VISA.