Reso 2021-3185 - Laserfiche WebLink

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Card Issuer: Financial institution issuing a Commercial Card or account. Also referred to as a card issuer, card provider or bank. For the avoidance of doubt, Contractor shall be the sole Card Issuer under the Master Agreement and Participating Addenda. Card User Agreement: Agreement between the Purchasing Entity and awarded Contractor verifying credit availability, account information, and agreeing to the terms and conditions of the Master Agreement and Participating Addendum. Cardholder: An employee, contractor, or representative of a Purchasing Entity to whom a Commercial Card is issued for making designated business purchases/payments on behalf of his or her organization. Card -less Accounts/Ghost Cards: Accounts that have no plastic card issued, only an account number to which the acquisition of goods and services are charged. Centrally Billed Account: Card accounts are billed to the Purchasing Entity or program within a Purchasing Entity. CBA accounts are paid directly by the Purchasing Entity. Client -held Days: Number of days from the billing cycle date to the date payment is received. Commercial Card: Generic term for any card product used by organizations for making payments for various goods, services and business expenses. Contractor: The entity/entities awarded a Master Agreement and/or Participating Addendum(s) as a result of the evaluation of the bids received in response to a solicitation. Corporate Liability: Purchasing Entity is liable for all card transactions and fees. Credit Application: WEX form to establish a credit line with WEX Bank and adhere the contractual terms & conditions of this Master Agreement to the Purchasing Entity. Declined Transaction: Transaction where authorization has been refused by the Card Issuer's transaction authorization system. Duplicate Transaction: a transaction that has been processed twice for the same purchase. Department: Functional business unit of an organization such as purchasing, accounting, human resources, etc. Department Card: Card issued to a department rather than a specific cardholder. Declining Balance/Managed Spend Card: Specialized Purchase Card with a pre-set spend limit and expiration date that is typically non -replenishing. Also referred to as a Controlled Value Card. Electronic Payables: A form of electronic payment, utilizing the card infrastructure, managed centrally within an organization, typically by accounts payable. Also known as electronic accounts payable (EAP), automated payables, e-payables, Virtual Payment Cards, push payments, straight through payments 9STP), buyer -initiated payments (BIP), supplier/vendor card, single -use accounts and MASTER AGREEMENT No. 00819 - FLEET CARD SERVICES PAGE 68 OF 138