N.J. Admin. Code § 5:30-9A.5

Current through Register Vol. 56, No. 23, December 2, 2024

Section 5:30-9A.5 - Procurement card limit and control requirements

(a) A procurement card differs substantially from a credit card issued by a financial institution because of the controls that may be exercised on its use. Before selection of an issuer (and in addition to consideration of fees and rebates, software and computer requirements, and accessibility to the vendor), the following limits and controls shall be incorporated into the procurement card program:

1. The ability to control limits on-line and in real-time;

2. The ability to establish, change or delete limits on each card individually;

3. The ability to categorically restrict the use of individual cards;

4. The ability to establish a cumulative limit for a specific period;

5. The ability to review current activity on-line; and

6. The ability to receive sorted or sortable detailed reports of activity, by authorized card user, department or spending category.

N.J. Admin. Code § 5:30-9A.5

Amended by 50 N.J.R. 316(a), effective 1/16/2018