Benefits of the Purchasing Card Program

The MasterCard Purchasing Card Program offers benefits to both the University and approved suppliers that accept a MasterCard credit card. Program benefits to the University and suppliers are listed below:

Benefit to the University

• Delegates purchase authority, responsibility and accountability to authorized faculty and staff at the point-of-demand
• Expedites and simplifies the purchase of non-restricted requirements
• Reduces the administrative cost associated with processing purchase orders, suppliers invoice and University checks
• Effective buying tool for emergency requirements
• Compliments the University's eProcurement system, BEN Buys and the Penn Marketplace

Benefit to the Supplier

• Streamlines the supplier order entry process and reduces administrative cost related to processing a Penn requirement
• Authorized buying tool ensures payment for products and services ordered by authorized Cardholders
• Prompt pay from bank improves supplier cash flow