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City switches P‑card banking to US Bank; staff cites better rebate program
Summary
A staff member told the Fiscal Affairs Committee the city moved P‑card services from Citibank to US Bank by piggybacking the State of Texas contract after an RFP; staff said the change likely provides a better rebate/rewards program for card users.
A staff member reported the city has changed its bank provider for the P‑card program, moving from Citibank to US Bank after the state of Texas awarded the contract to US Bank through an RFP process. “We changed our banks. We're now with US Bank, so we don't have Citibank anymore,” the staff member said.
The staff member explained the municipality piggybacked the state contract and noted that the switch was likely motivated in part by a better rebate or rewards program for card users. “That's probably one of the reasons why they switched — maybe a better rebate program,” the staff member said. The Chair acknowledged the report and had no questions.
The committee kept the P‑card report on file. No vote or contract award was taken during the meeting; staff indicated the change results from the state procurement process and a separate RFP the state conducted.
