Drake University will be transitioning their procurement card program from PNC Bank to UMB Bank on Sept. 1, 2022. This was a decision made by the University for several reasons.  First, Drake recently negotiated a debt restructure.  As part of this agreement, Drake agreed to consider moving the Pcard program to UMB.  After researching UMB’s Procurement Card Program, it was determined UMB is able to offer better overall customer service compared to our current Pcard provider.  The contract terms were also more favorable for the University.  Although cardholders will log into the UMB system, the platforms are very similar which should allow for a seamless transition.

What does this mean for cardholders?  All cardholders will receive a new card.  We have worked with UMB to design a card with a picture of Old Main on it.  We are hopeful the new design will make the Pcard more distinguishable from cardholders’ personal credit cards. UMB will be providing in person training Aug. 22, 23, and 24 at various times to review the online platform where cardholders will submit receipts/documentation and approvers will approve charges.  They will also be reviewing the mobile app option.  This option allows cardholders a convenient way to manage receipts.  An online option will be offered at a later date for those not able to attend in person.  Please note: all cardholders are required to attend one of the trainings in order to receive their Pcard.  A separate calendar invite will be sent for the training sessions. You can reach out to us at any time with questions at pcard@drake.edu.

— Erica McGowan, Finance and Administration