Special-purpose payment cards issued to a company's employees to be used solely for purchasing nonstrategic materials and services up to a preset dollar limit best defines

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Special-purpose payment cards issued to a company's employees to be used solely for purchasing nonstrategic materials and services up to a preset dollar limit are known as purchasing cards. This type of card helps companies to streamline the purchasing process, reduce administrative costs, and improve control over employee spending. Smart cards are payment cards that contain a microprocessor chip to store and process data, while mobile cards refer to payment cards that can be loaded onto a mobile device. Desk cards are not a common term used in payment card technology.

Special-Purpose Payment Cards Issued to a Company's Employees to Be