Company / Corporate

Procard meaning in oil and gas

Definition

Procurement Card

Procard means Procurement Card. Term used to describe a CPS card (Corporate Procurement Services) card. Essentially a credit card used to procure goods and services (not expenses). Currently a major oil and gas company…

Term used to describe a CPS card (Corporate Procurement Services) card. Essentially a credit card used to procure goods and services (not expenses). Currently a major oil and gas company has an agreement with AMEX as the main platform provider. Items procured are of low value.

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