Master Agreement Administrator. Employee of the Lead State responsible for soliciting for and managing the awarded Master Agreement Merchant Category Codes (MCC): A system of four-digit codes, maintained by networks, used to identify a merchant’s principle trade, profession or line of business; a MCC is assigned to a merchant by the merchant or merchant acquirer. Merchant Negotiated Transaction: Transaction completed with a merchant that has an agreement with the Association to complete theirs at a lower than standard interchange rate. Merchant Negotiated Interchange Quarterly Volume: Total quarterly merchant negotiated volume spend by a Purchasing Entity for all Commercial Card products in a Quarter, less credits and net of Write-Off Adjustments.
Master Agreement Administrator. Employee of the Lead State responsible for soliciting for and managing the awarded Master Agreement Master Agreement Authorized Representative: Employee of the Bidder authorized to sign bid submittal documents, provide bid clarification responses, and function as the primary point of contact during the solicitation and evaluation. Merchant Category Codes (MCC): A system of four-digit codes, maintained by networks, used to identify a merchant’s principle trade, profession or line of business; a MCC is assigned to a merchant by the merchant or merchant acquirer. Merchant Negotiated Transaction: Transaction completed with a merchant that has an agreement with the Association to complete theirs at a lower than standard interchange rate. Merchant Negotiated Volume: Total quarterly merchant negotiated volume spend by a Purchasing Entities for all card liability products in a Quarter.
Master Agreement Administrator. Employee of the Lead State responsible for soliciting for and managing the awarded Master Agreement Master Agreement Authorized Representative: Employee of the Bidder authorized to sign bid submittal documents, provide bid clarification responses, and function as the primary point of contact during the solicitation and evaluation.
Master Agreement Administrator. Employee of the Lead State responsible for soliciting for and managing the awarded Master Agreement Master Agreement Authorized Representative: Employee of the Bidder authorized to sign bid submittal documents, provide bid clarification responses, and function as the primary point of contact during the solicitation and evaluation. Merchant Category Codes (MCC): A system of four-digit codes, maintained by networks, used to identify a merchant’s principle trade, profession or line of business; a MCC is assigned to a merchant by the merchant or merchant acquirer. National Annual Volume: Total annual volume spend by all Participating States/Purchasing Entitles for all card products in a calendar year. National Annual Volume Incentive: Rebate or Incentive Share earned by a Participating States based on their National Annual Volume. Network: Entity that facilities the movement of transactional data between the issuer and acquirer and sets merchant rules for card acceptance. Organizations in this role include Visa, MasterCard and American Express. Non-Standard Volume: Transactions that are processed using Reduced Interchange Rate as determined through an agreement between the merchant and the Association. One Card/Integrated Card: A type of hybrid card in which a single card is issued to an employee for more than one category of expenses (e.g., goods/services and travel expenses), eliminating the need to carry two separate cards. Participating Addendum: An agreement signed by the Contractor and a Participating State that incorporates the Master Agreement and any other additional Participating State specific terms and conditions. Participating Addendum Administrator: Employee of the Participating State responsible for the management and administration of the Participating Addendum. Participating Addendum Authorized Representative: Employee of the Participating State authorized to sign the Participating Addendum. Participating State: Any State, territory or entity (authorized by a state’s chief procurement officer) that chooses to execute a Participating Addendum under the awarded Master Agreement. May also be referred to as Participating Entity. Participating State Annual Volume: Total annual volume spent by a Participating States for all card products in a calendar year. Product Code (PC): A unique identifier, assigned to product types (e.g. maintenance, tires, etc.) within a Fleet management system. Program Administrator(s): Refers to both Entity and Statewide P...
Master Agreement Administrator. The Master Agreement Administrator designated by NASPO ValuePoint and the State of Minnesota, Department of Administration is Xxxxxxxxx Xxxxx, Acquisition Management Specialist. Xxxxxxxxx Xxxxx, Acquisition Management Specialist Department of Administration Office of State Procurement 112 Administration Building 00 Xxxxxxxxx Xxxxxx St. Xxxx, MN 55155 E-mail: xxxxxxxxx.xxxxx@xxxxx.xx.xx Phone: 000.000.0000
