Procurement Card Services

Description

The City of Orlando (City) requests Proposals from interested, qualified and experienced financial service institutions to provide a Procurement Card (P-card) Program for City personnel to purchase goods and services and pay for business expenses in a simple and timely manner.  This program must contain the following:A high level of internal controls ensuring compliance with all relevant federal, state, and local regulationsAlign with the City’s policies and procedures. Refer to Exhibit “One” for the City’s Procurement Card PolicyServices including card issuance, transaction processing, reconciliation, reporting and other related servicesFeatures including online access, reporting capabilities, training and supportIntegration with the City's existing accounting and financial systemsCurrent Environment:The City currently utilizes both Visa and MasterCard branded P-cards for the City's P-card and business expense program through JP Morgan Chase. All City Departments participate in the P-card program. The City receives rebates in the form of basis points in accordance to the expenditure amount paid annually via electronic deposit.The City also has a VISA electronic payable program through JP Morgan Chase which is used to pay for invoices to suppliers through virtual cards (ePayables).Fiscal Year 2024 StatisticsP-cardVirtual Card (ePayables)Expenditure/Pa