The PaymentWorks contract offers their Business Identity Platform, which enables institutions to automate the collection and verification of business identify information for payees to prevent fraud. Members can eliminate the risk of payments fraud, reduce costs by shifting from checks to ACH payments, and ensure compliance by automating the payee-management processes.
PaymentWorks protects organizations from business payments fraud and ensures compliance with increasingly intense regulatory requirements and scrutiny. Through their platform, members automate the collection and verification of business identity information for all their payees, allowing for the continuous monitoring and updating of this information while thwarting efforts to hijack existing vendor records and redirect payments.
E&I contract documentation available on this site is being provided for use by E&I members only and shall not be distributed and/or shared outside a member’s institution. Sharing of contract documentation outside the membership of the Cooperative is detrimental to its members and the Cooperative, as it impacts E&I’s ability to negotiate and maintain competitive agreements.
Complete the Letter of Participation to sign up for our PaymentWorks contract.
Supplier
Contact Dan Camins at PaymentWorks
P: 617.500.6674 | dan.camins@paymentworks.com
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See Master Agreement, Attachment B1, Section A17 for complete warranty info
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Register for Workshop: The Strategic Importance of Your Vendor Master File
Risk Mitigation, Cost Avoidance, and Driving Value for Your Organization
• Wednesday, April 12, 2023 | 9:30 AM – 5:30 PM
• Carahsoft Office in Reston, VA
• CPE Eligible
• Lunch will be provided!
PaymentWorks, Huron, E&I, and other subject matter experts will cover:
• Best practices in documenting vendor management processes to mitigate risk
• How a successful social engineering payment fraud scam unfolds
• Driving payment method optimization with your vendor onboarding process
• How a diverse supplier base brings organizational value
• Hiring and training your staff to drive strategic value for procurement and finance
Podcast
PaymentWorks: How it Works
Four Higher Ed Institutions Share Their Experience with PaymentWorks