The Old Dominion University Research Foundation is administered through Bank of America Credit Card Services. The instrument used for this program is a VISA corporate credit card program. Each month the individual cardholder will receive a statement of card activity. The statement is mailed directly to the cardholder at their business address.

The cardholder is responsible for reviewing the card activity and authorizing payment of the current charges. The cardholder is to appropriately code the project number and object code for all charges on the statement. Project numbers and object codes may be recorded directly on the face of the monthly statement or the attached Settlement Sheet may be used if there is insufficient space on the statement. Appropriate supporting documentation in the form of original sales receipts, packing lists, credit card slips, hotel portfolio statements, etc should be attached to the statement. The statement is to be signed by the cardholder and forwarded to ODU Research Foundation Accounts Payable for payment. No other signatures are required. Attached is an example of a completed statement.

ODU Research Foundation Accounts Payable will process all credit card payments on a monthly basis. Detailed project activity reports will reflect credit card charges as "Bank of America" in the description field with "VISA and month of statement" indicated in the reference field. Any questions concerning the amounts reflected in the project activity reports may be directed to ODU Research Foundation Accounts Payable.

Additional terms and conditions governing the use of an ODU Research Foundation procurement card are:

• The single purchase limit on all credit card purchases is $2,000. All purchases made with the procurement card are subject to the same guidelines as to reasonableness, allowability and allocability as any expenditure on a sponsored program.
  
  
• Security and safekeeping of the card is the responsibility of the cardholder
  
  
• Misuse of the card will result in forfeiture and possible payroll deduction of unaccountable expenditures.
  
  
• Cardholder will attempt to resolve any billing disputes directly with the supplier.
  
  
• Bank of America Customer Service inquiries may be made to 1-888-449-2273, 24 hours a day.
  
  
• Cardholder will notify Bank of America immediately if credit card is lost or stolen. The telephone number to report lost or stolen cards is 1-888-449-2273, 24 hours a day.
  
  
• Cardholder will surrender procurement card to ODU Research Foundation Human Resources upon termination of employment.

Inquiries concerning the ODU Research Foundation Procurement Card Program may be forwarded to:

Procurement Card Administrator
Old Dominion University Research Foundation
P. O. Box 6369
Norfolk, Virginia 23508

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