Credit Card Services information blog

Owner: berkmr

Listed in: Finance

Language: English

Tags: Credit Card, Services

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Latest Blog Posts for Credit Card Services

  • Application and SetupSubmission Process Prior to a government department being able to avail of the credit/debit card service (including credit cards for e-commerce merchants), the Deputy Minister of the department will be required to obtain authorization by making a wri...
  • Responsibilities of the Office of the Comptroller GeneralBanking Any necessary bank accounts will be established by Public Accounts and Banking Section, Office of the Comptroller General. Funds Collection and Depositing There are 3 methods of processing a transaction; funds for each one being collected and...
  • Accounting and BalancingThe Central Cashier=s Office is responsible for the reconciliation between the bank and FMS.  Adjustments will be required in FMS for any chargeback.  Identification of the origin of deposits will be made by the merchant # assigned to each governme...
  • Billing
    on Feb 15, 2009 in Credit Card Services Billing
    Billing arrangements relating to credit/debit card transaction fees will be made between the Office of the Comptroller General and the card processors in accordance with the current agreements.  Government merchants will be responsible for equipment...
  • Document ManagementGovernment merchants shall not release any information obtained through VISA/debit card or MasterCard transactions, whether in the form of transaction records, copies of such, mailing lists or any other media, without first obtaining written permissi...
  • Banking
    on Feb 15, 2009 in Credit Card Services Banking
    All transactions will be directed through central bank accounts.  Depending on the arrangement between the card processors, one or two government bank accounts will be used for VISA/MasterCard/Debit Card for the deposit of all proceeds collected ele...
  • Banking Requirements
    on Feb 15, 2009 in Credit Card Services Banking
    i) The Comptroller General of Finance signs an agreement on behalf of government which sets out terms and conditions for debit/credit card service, which have been incorporated into the policies and procedures in this manual. ii)   Government merch...
  • Exceptions to Credit/Debit Card Processing
    on Feb 15, 2009 in Credit Card Services Card Credit Debit
    Taxes and Other Monies Collected on Behalf of Government Credit cards will not be accepted for the payment of taxes or other monies collected by a third party on behalf of government, i.e. the payment of gasoline tax collected by a wholesaler or paym...
  • Guidelines For Usage of Credit/Debit Card ServicesIn accordance with TBM 94-474, Government approved the acceptance of debit cards and VISA and MasterCard credit cards in order to improve service to the general public wishing to make payments for goods or services by these cards throughout governmen...
  • Responsibilities of the Department
    on Feb 15, 2009 in Credit Card Services Department
    Depositing Credit cards utilized through electronic terminals or through e-commerce applications are set up for automatic deposit of funds (see 3.3.2 for more detail). For transactions which are processed using a manual imprinter device, the sales sl...
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