EducationPlus & UMB Bank Provide a Purchasing Card Program to Members
UMB Purchasing Card Benefits:
• Eliminate time and paper work associated with requisitions, approvals, purchase orders and invoice processing.
• Timely payment to suppliers
• Simplify payments process.
• Access to the latest technology for online reporting and reconciliation.
• Integration with your accounting system.
• Set custom program features, controls and limits.
• Auto rental insurance.
• Travel accident insurance.
• Extended protection coverage
Increased rebate levels for 2016
A. $0 to $15 million 0.90% (90 basis points)
B. $15 to $25 1.00% (100 basis points)
C. $25 to $35 1.10% (110 basis points)
D. $35 to $45 1.15% (115 basis points) expected rate in 2016*
E. $45 to $60 1.20% (120 basis points)
F. $80 plus 1.25% (125 basis points)
Additional Rebate Levels may be available as volume levels increase
Visa qualifying Large ticket transactions are rebated at .50 (50 basis points)
• No cost program
• No annual card fee
• No technology fee
• No implementation or training fee
If your district already participates with UMB Bank, your rate will be automatically increased.
New districts wishing to enroll can contact Kelly Hackworth at 314.692.1210 or Rick Kissel with UMB Bank at 314.612.8157 or Rick.Kissel@umb.com