The following is an excerpt from an article in GovPro Magazine:
Over the course of the last decade, credit card use by federal, state, and local government employees has skyrocketed. In 2001 alone, more than 3.1 million charge cards circulated among government agencies—enough to provide three of every four government employees with their own cards. This trend toward government credit card usage, largely fueled by the need to eliminate the paperwork associated with everyday purchases, seemed like a panacea for purchasing and accounting departments charged with tracking their organizations’ spending needs while streamlining back office operations.
Unfortunately, several news articles about credit card abuse by government employees in recent months have shown that procurement cards are not foolproof.