BANK OF AMERICA GOVERNMENT CARD SERVICES TO VARIOUS AGENCIES

2007-05-02 10:04:19

( Insurance )



Bank of America Government Card Services offer timely, less paperwork, efficient operation and daily management of doing business with the Federal Government and its agencies through various card products offered specifically for the federal government. Prepaid card, integrated card, purchase card, travel card and fleet card are the various cards offered to government agencies under the Bank of America Government Card Services. These cards offer in depth payment schemes increasing productivity, expense control and information management of various federal government agencies. The mechanics of using these cards are also designed by Bank of America Government Card Services to be inline with guidelines or regulations of various federal government agencies.

Prepaid Card

Prepaid card under the Bank of America Government Card Services Program helps government agencies control their expenses. Specific amount of funds are loaded in prepaid cards to help control expenses of card holders as well as manage in advance government disbursements. Card holders or appropriate personnel in government agencies can reload money into the prepaid once the original funds are consumed.

Prepaid card is suitable to fund irregular travel allowance, expenses for local travels, and payments for disaster relief, payments for federal guaranteed loans and spot awards and incentives. These types of expenses are pre-determined by accounting departments of each agencies, thus, prepaid car is the best service to use.

Purchase Card

Purchase card reduces costs of administering disbursements particularly advance authorization, tracking, payment, allocation and reconciliation of purchases of government agencies. It helps centralize billing and payment system of concerned government agency through purchase card use. The Bank of America Government Card Services Program designed a streamline process for the purchasing needs of government agencies through the use of purchase card.

Travel Card

Expenses of government agency on travel and entertainment are streamlined through the use of travel card issued under Bank of America Government Card Services. It offers customized service to clients through its ability to assign centralized invoicing of airline tickets as well as coordination with travel management companies. These customized services make travel processing faster and convenient. Travel card also offers relevant travel insurance package for card holders minimizing costs of federal government agencies for separate travel insurance to its employees.

Fleet Card

Fleet card offers management of fleet expenses of government agencies. It offers fuel tax exemption as well as roadside assistance to cardholders. It is a card designed for government employees traveling using their own vehicles or company vehicles while traveling.

Integrated Card

Integrate card consolidates purchase, travel and fleet spending of government agencies. It is a convenient payment card that covers all aspects of expenses that government agencies might incur.

These cards under the government card services of American general financial services offers government agencies advance authorization to approve spending with a preset agreed amount for its employees to spend. It is one way to help government agencies manages their working capital thereby increasing financial control.


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