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CAL-Card Program Benefits
Participants
- VISA acceptance allows for an expanded supplier base
- Suppliers paid promptly
- Obtain goods and services when needed
- Walk-in, telephone, fax and e-procurements
- Reduces the number of purchase orders
- Eliminates petty cash
- Eliminates travel expense claims (local agencies only)
- Validated controls for the Cardholder and Agency Program Administrator
- No membership or administrative fees
- No minimum card count or spend
- Invoices due 45 days from invoice date
- Visa dispute rights, fraud protection and VISA Waiver Liability coverage
- Streamlines the accounts payable process by reducing the number of checks issued
- Prompt payment, Average transactions and volume sales rebates. See Rebates to Agencies
- Pilot program indicates average processing savings of $24.49 per transaction
- Late payment interest penalty based on annual State Prompt Payment Act.
- AccessOnline program managment. See AccessOnline
Merchants
- Eliminates multiple invoices and all related administrative costsEliminates collection efforts
- Eliminates delays in payment, which are typically 30 to 60 days from receipt and invoicing of service or goods. For small businesses, where access to cash is often limited, the value of this goes beyond the 2% cash float calculation. With purchase cards, payment is received in 1 to 3 days
- Bank fees are negotiable
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