Corcan-Acceptance of Acquisition Credit Card
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DATE: November 29, 1999
TO: All Senior Financial Officers (SFOs)
SUBJECT: Corcan-Acceptance of Acquisition Credit Card
Further to our Information Bulletin dated March 1, 1999, we have reviewed Corcan's transactions for the initial pilot period. The implementation of the Corcan credit card system took longer than initially expected and Corcan had little time to promote the program with other government departments. In that short time frame, Corcan generated transactions amounting to $80,000. We have agreed to extend the pilot period in order to allow Corcan to launch a publicity campaign. This will also give us the time to better evaluate the overall results and the impact of FIS on interdepartmental transactions processing.
This bulletin is to notify you that TBS has extended the authority for Corcan to accept regular commercial acquisition cards to settle purchase of goods by federal government departments and agencies. As indicated before, we recognize that this is a minor deviation from policy, and advise that the following three conditions will continue to be part of the arrangement:
- It is an interim measure pending a comprehensive solution being developed by TBS and PWGSC.
- Corcan must assist OGD's with the accounting challenge.
- An evaluation of this initiative will be carried out in November 2000.
Please share this announcement with appropriate officials in your organization and ensure that the Corcan transactions are properly accounted for as interdepartmental transactions.
Should you have any questions or comments, please feel free to contact Bob Berniquez, Financial Management and Accounting Policy Division - (FMAP), at 957-9672 or by E-mail at Berniquez.Robert@tbs-sct.gc.ca.
J. Colin Potts
Deputy Comptroller General
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