Sacramento Mayor’s Top Aide Responsible for Oversight of Appointee’s Credit …
News from LoanSafe:

(Source: By Ryan Lillis, The Sacramento Bee, Calif. (MCT) – Sacramento Mayor Kevin Johnson’s chief of staff was responsible for reviewing and approving credit card purchases made each month by the former mayoral appointee who allegedly racked up thousands of dollars in personal purchases on her city- issued card, a top city official said Tuesday.

It’s unclear whether that oversight ever occurred, said City Manager John Shirey.

City officials were unable to explain Tuesday how long-time mayoral aide Lisa Serna-Mayorga was able to use her city- issued credit card to make personal purchases – among them a trip to Disneyland, groceries and gas, according to sources – without anyone noticing. Serna resigned Thursday, after the questionable charges were discovered.

“I don’t know whether (monthly credit card statement) reviews were occurring or if they were occurring consistently,” Shirey said. “The only thing I can answer with any certainty is that her direct report was to the mayor’s chief of staff.”

Shirey has sought the help of both the city Police Department and an outside auditing firm to examine the charges, which have sparked broader concerns about the use of credit cards by city workers. Roughly 300 city employees hold city-issued…………… continues on LoanSafe

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Credit card settlement: Win for retailers? Wal-Mart says no.
News from Christian Science Monitor:

Credit cards could be charged a retailers’ fee for transactions under a $ 6 billion settlement for fee-fixing by Visa, MasterCard, and issuers of credit cards. But Wal-Mart says the deal won’t cap rising merchant fees. 

Wal-Mart Stores Inc. urged retailers to reject a proposed $ 6 billion settlement that Visa Inc., MasterCard Inc. and major banks have agreed to pay retailers for alleged fee fixing.

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Use your credit card for auto rental insurance

Posted by administrator | 25/07/12 | Tagged Credit Card

Use your credit card for auto rental insurance
News from CBS Moneywatch:

(MoneyWatch) Did you know that your credit card likely provides auto insurance that covers rental cars? If you said no, you’re not alone. Many people don’t realize that it’s built into the benefits offered by Visa (V), American Express (AXP), Discover (DFS), and many MasterCard (MA) cards.

CardHub recently published its 2012 credit card auto rental insurance study, and the online report is check full of surprising and valuable information — especially if you are a frequent traveler and find yourself renting a lot of cars. Here are some of the most important details:

– One of the credit cards already in your wallet probably offers all the insurance coverage you need when you rent a car, which can save you $ 10-$ 20 per day.

– In order to be covered by any credit card rental car insurance policy, you have to charge the entire rental purchase on the card and decline the supplemental insurance plan offered by the rental car company. That’s critical. Getting…………… continues on CBS Moneywatch

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Gauteng to tighten guidelines on official credit card use
News from Business Day:


Gauteng Premier Nomvula Mokonyane. Picture: BUSINESS DAY

MECs in the province have a monthly limit of up to R100000, but premier says guidelines on use of the cards will be made clearer

Published: 2012/07/24 04:33:10 PM

CREDIT cards issued to MECs in Gauteng can be used locally and internationally for official government business, Premier Nomvula Mokonyane said on Tuesday.

“We’ve taken reasonable steps to ensure the prudent use of the corporate credit cards by complying with the prescribed guidelines while being conscious of the fiscal challenges that our province faces,” she said.

Earlier this month, Gauteng local government and housing MEC Humphrey Mmemezi resigned after it emerged he had used his government credit card to make p…………… continues on Business Day

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