Ohio University approves updates to purchasing card policy

New updates have been approved for the policies related to payment cards at Ohio University.

The Executive Staff Policy Committee approved the updates to Policy 55.074 Payment Card Program on March 18, 2022.

Areas of update for the policy include, but are not limited to:

• Clarification of deadlines to submit substantiations for all credit card transactions.
• The term “Purchasing Card” has been changed to “Credit Card” to make the terminology flexible enough to accommodate new options available in the banking industry 
• Clarification of cardholder responsibilities, approver responsibilities and planning unit responsibilities to address the decentralized structure of the credit card program at Ohio University
• Procedures have been removed from the policy in compliance with policy development guidelines.

For more information, please review the new policy at this Ohio University webpage.