What's in a Card
The first known mention of this term was in a book in 1887. The author, Edward Bellamy, coined the term in his utopian novel, Looking Backward, which was published in 1888.
What is a credit card?
What Lockheed Martin internal tool is used to apply for a new Purchasing, Travel or Meeting Card?
What is the CCA, Commercial Card Administration?
What was the 1st API used between Lockheed Martin & U.S. Bank
What is Client Side Validation (CSV) was first used to validate accounting codes?
In Lockheed Martin vernacular, what does the acronym CAPP stand for?
What is Cardless Account Payment Program- Lockheed's virtual card program?
The size of most of these measures 85.60 by 53.98 millimetres (3+3⁄8 in × 2+1⁄8 in) and rounded corners with a radius of 2.88–3.48 millimetres (9⁄80–11⁄80 in)
What is a traditional credit card?
This word forms the first half of the blank and procedures documents and describes guidelines for acceptable card usage. It's the law!
What is the policy document?
The continuing process of reviewing AP Files, conducting supplier enablement campaigns and confirming suppliers are activated in the ERP are all part of this broader practice.
What is program optimization?
Organization responsible for third-party fraud identified on a payment card?
What is U.S. Bank?
From a treasury management perspective, suppliers aim to shorten this accounts receivable metric to improve cash flow.
What is DSO - Days Sales Outstanding?
According to 2024 AFP Fraud and Controls Survey, this form of payment remains the most susceptible to fraud
What are paper checks?
Originally designed to pay for small (typically less than $5,000), yet frequently purchased items such as maintenance, repair and operating (MRO) goods, these cards are now also used for larger, more strategic purchases. Hint: gnisahcrup drac
What is a purchasing card ?
This best practice involves offering faster payments to suppliers in exchange for their acceptance of a virtual card, helping organizations increase visibility, control, and reduce risk across the life of a card program.
What is accelerating payments to suppliers in exchange for virtual card acceptance?
This allows the creation of Virtual Card Accounts on demand, in real time, while customizing parameters in a single request?
What are Virtual Card API's?
According to the 2024 AFP Payments Survey, this is the number one reason why suppliers accept virtual card as a form of payment.
What is faster payment/receipt of cash?
This rate varies by the merchant, the size of the transaction, and the amount and quality of data shared. It could also be an exit off of the highway.
What it interchange?
This financial metric measures the difference between current assets and current liabilities.
What is working capital?
This principle ensures that no single individual has control over all aspects of a financial transaction, reducing the risk of fraud or error.
What is segregation of duties?
This three letter acronym works as a preventive control blocking feature to prevent purchases, but not at the supplier level
What is a MCC- Merchant Category Code?
U.S. Bank’s new APIs for the CAPP and Catalog programs with the 1LMX Migration offer enhanced control over virtual card payments. Name one of the new benefits these APIs provide.
What is setting specific controls and parameters per account?
According to the 2024 AFP Payments Fraud and Control Survey, over what percentage of firms experienced business email compromise targeting ACH or check payments
What is 63%?
These interfaces allow clients and bank partners to integrate card setup and maintenance capabilities into their own user interface to eliminate manual data entry processes
What are API's?
U.S. Bank references four key pillars when describing effective card program management:
1)Generate cost savings
2)Identify revenue sources 3)Promote Operational Efficiences
and this 4th pillar, which focuses on reducing exposure and strengthening internal controls.
What is Risk Mitigation?
This Lockheed Martin employee has oversight of the U.S. Bank Payment Card programs?
Who is Ramon Cordero?
In the world of API's, What is the name for "a way for one application to send real-time data from one application to another when a specific event happens". An example would be "Real Time Authorization" or "Real Time Credit Limits".
What are Web Hooks?
The year the first transaction was processed on CAPP
What is 2014?