Effective: January 29, 2018
Applicable FAM Policies: 620 - Collection of Receivables
Applicability: GNWT Departments and Public Agencies

INTERPRETATION

Only VISA, MASTERCARD and AMERICAN EXPRESS credit cards facilities may be accepted.

The Comptroller General (or delegate) shall have sole authority to approve credit card arrangements and to sign credit card agreements.

All expenses of credit cards, whether in the form of a discount charged by a card company, initiation, maintenance or equipment fees must be recorded as expenditures.

Cash disbursements against credit cards are specifically prohibited under any circumstances.

Requests for approval to accept credit cards must be made to the Comptroller General identifying the reasons that a credit card facility is required and the bank account to which credit card transactions will be deposited.