MasterCard Project Card

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Projects with fixed budgets pose unique challenges. The MasterCard Project Card provides the greater flexibility you need to meet them. Designed to ensure compliance with overall spending limits, this targeted card solution also allows you to allocate spending authority to as many team members as needed to successfully complete a project. The MasterCard Project Card is ideally suited to sales forces, researchers, scientists, purchasing departments, engineers, and consultants, who manage budgets for multiple projects and initiatives. On this page: Features and Benefits Business Resources

Features and Benefits

• Provide immediate access to project funds, 24 hours a day/7 days a week/365 days a week.
• Reduce time consuming paperwork.
• Reduce the time spent on administrative tasks.
• Offer convenient access to balance information.
• Utilize online reporting tools to view spending vs. budgets via customizable reports.
• Lessen the order-to-pay cycle to obtain goods and services needed to complete the project.

• Improve tax reporting and record keeping by accurately recording all planning expenses.
• Improve tracking capabilities with comprehensive MIS reports that monitor spending at the administrator, controller, or employee levels.
• Ensure the correct use funds via an electronic audit trail.
• Capture enhanced invoice level data, when available.
• View spending information across multiple projects with online reporting tools.
• Maintain greater accountability either internally or to outside organizations funding the project.

• Keep budgets separate and unique for individual projects.
• Set overall spending limits, single purchase limits, and approved merchant acceptance for specific projects—ensuring that employees cannot exceed their allocated budgets.
• Block card usage by merchant category code.
• Eliminate check cutting and issuing.

• Your issuer partners with you to manage your Project Card program by enrolling employees, distributing cards and providing ongoing support.

Find out more about how MasterCard can help you manage individual project budgets and control budget allocation.