Ken Steel wants to know the difference between credit cards and
purchasing cards. I don't know how this got started, but it had
something to do with "Leonard & Catharine" talking about secret recipes
for pasta sauce. To Len Schwartz - it would help if you would always
used your own full name, along with your company name, on your
signature. This isn't an anonymous chat room.
X12F's Technical Report "Reference Model: X12 Transaction Architecture
for Procurement Cards" (X12F/96-113) defines a purchasing cards (PCards)
as:
specialized Mastercard and VISA charge cards issued by banks...
These cards allow authorized employees to place orders directly
with suppliers, bypassing many of the steps in the standard
purchase and payment process. PCards are centrally billed to
the cardholder's company by the card issuer, and the supplier
is paid directly by the supplier's acquiring bank.
Klaus-Dieter Naujok is just being mean to Ken and Australians when he
says "Australia is not in tune with the latest advancements in the
financial industry" - they have PCards in Australia too.
William J. Kammerer
FORESIGHT Corp.
4950 Blazer Memorial Pkwy.
Dublin, OH USA 43017-3305
(614) 791-1600
Visit FORESIGHT Corp. at http://www.foresightcorp.com/
"Commerce for a New World"
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