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Credit Card Applications » News » Other » RPI Cancels Credit Cards After Scandal

RPI Cancels Credit Cards After Scandal

July 04, 2010
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As former employee, Christine Dickinson, face charges on alleged theft and grand larceny, Rensselaer Polytechnic Institute or RPI have announced that the school would cancelling all the school`s credit cards. The said employee has allegedly used $100,000 of the school`s credit card for several of her personal expenses. As the incident happened so, the school discovered that they have several employees who have abused the school`s credit card. Many of these employees have already been fired while the others filed resignations which were immediately accepted by the school`s administration.

Mark Marchand, an employee of the school`s Media Communications Office, reported that the school`s decision to cancel its MasterCard credit card which was issued by the Chase Bank was done shortly after the school discovered that its employees have been using the said credit card to pay for personal transactions such as going to exotic places in the country.

The announcement of this cancellation took the school`s staff and faculty by surprise as their Chief Financial Officer, Virginia Gregg, informed them about it. This credit card suspension has given the school`s professors who travel around on school businesses a hard time since they use the school`s credit card to pay for their trips. The school, however, has remained quiet as to how they would manage this new phase so as they would not be left hanging on their toes.

The school issued credit cards to their employees and some students a few years ago in efforts of minimizing the school`s expenses. These cards were actually issued to them so that they would be able to buy office supplies without doing so much paperwork. On the e-mail of Gregg where she announced the cancellation of the credit cards, she said that they might have been overlooked on monitoring the transactions done by the cardholders.

A lot of professors of the school have not taken this step of the school nicely. With this extensive school credit card scandal, the school had no choice but to cancel the credit cards they have issued their staff and a few of their students. So, for the mean time, the school would be reevaluating its policies in regulating their credit card usage, as said by Marchand. The school, in fact, would want to improve and enhance its policies and regulations so that they would not face the same incident again in the future.

Reports say that there were no other arrests done in RPI recently.

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