Keyser Adopts Policy for City-Issued Credit Card Use
News from LoanSafe:

(Source: Elaine Blaisdell Cumberland Times News, Md. (MCT) — Keyser City Council on Wednesday approved a policy for city-issued credit card use.

The purchase card (P-Card) policy was needed in order to rectify one of the state auditor’s findings. When the state conducted its audit, they found that a policy wasn’t in place, according to?Mayor Randy Amtower.

“This policy has been put together based off of the guidelines of the state auditor’s office,” said Amtower. “This is the design of the policy to basically get rid of one of our audit findings.”

The guidelines state that anyone using the card must have training; must surrender the card upon request or upon termination from the city; they can only be used for official city business and cannot be used for personal reasons.

The cards cannot be used for cash, cash advances or gift cards, according to the policy. At a previous council meeting, Amtower said the state auditor found three fraudulent charges, some of which stemmed from employees utilizing the P-Card to purchase gift cards.

Former Mayor William “Sonny” Rhodes used a P-Card to purchase three separate gift cards — for $ 75, $ 100 and $ 400, according to Amtower.

During a council meeting in May,…………… continues on LoanSafe

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Merchants Considering Credit Card Surcharges
News from New York Times:

Starting this week, prices are 2 percent lower on ScanMyPhotos.com. At the grocer Kroger, executives are contemplating charging two prices for groceries — a lower price when shoppers pay with cash, and a higher one when they use a credit card. And at restaurants across the country, owners are weighing the wisdom — or lack of it — of a surcharge on bills paid with credit cards.

Businesses on Monday sorted through the repercussions of a multibillion-dollar settlement late last week with Visa and MasterCard, and there was little consensus about how things would settle out. The tentative deal allows merchants to offer discounts to customers paying with cash or checks, and to impose fees when they pay with credit cards. Businesses can also negotiate directly with Visa a…………… continues on New York Times

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