IBA travel cards
The cardholder, not the government, is typically liable for payments related to personal charges made on their credit or debit card, including purchases, subscriptions, and fees. This liability extends to any unauthorized transactions if the cardholder fails to report them in a timely manner. Additionally, the cardholder is responsible for any interest accrued on outstanding balances and may be liable for charges that exceed their credit limit, depending on the terms of their card agreement.
When the cardholder is liable for payments, it typically refers to situations involving personal credit cards or accounts where the cardholder has agreed to the terms of use, including repayment obligations. This liability arises in cases of unauthorized transactions, misuse of the card, or failure to make timely payments. Additionally, in cases of joint accounts or authorized users, the primary cardholder is generally responsible for all charges incurred. In contrast, government-issued or corporate cards may have different liability structures defined by specific policies or agreements.
Yes, a Government Purchase Card (GPC) cardholder can be granted authority to make payments against contracts, but this typically requires specific delegations of authority and adherence to established regulations. The cardholder must comply with the organization's policies and ensure that the payments align with the terms of the contracts. Proper training and oversight are essential to mitigate risks associated with unauthorized or improper use of the card.
Cardholder
The cardholder
The Government who then seeks repayment from the cardholder.
yes
Yes, approving officials are pecuniarily liable for payments resulting from the erroneous performance of their duties.
Yes you are
penalty APR - Plato Answer
True
True