Summary
Travel card services for travel related expenses and requests the Supplier provide information on their card solution. Travel related expenses may include airfare, hotel fees, transportation fees - rental vehicles, toll fees, taxi fare, fuel for rental vehicles, etc. but do not include meals. Program will provide at a minimum: Dedicated Service and Support team to provide best-in-class communication, service and support; Supplier must have robust risk management, monitoring and business intelligence assessment
capabilities with near real time/online capability to alert potential fraud based on “learning” cardholders’ spending patterns, dollar limits, etc.; Seamless systems integration which has proven success integrating with Financial accounting systems (e.g., Workday); Virtual Card Option. Supplier should have virtual card option with robust technological capabilities, proven record of excellence in security. Obtaining Virtual account numbers (VANs) must be efficient process for site administrators and extensive reporting must be provided; Declining balance card options; Student/Guest options such as mechanisms to issue temporary cards or handle out-of-pocket per-diem and travel advance reconciliations for students, athletic teams, etc. as options for UM to consider;Fraud insurance for all credit card types utilized by the University.