Central Michigan University (CMU) is pleased to announce that we are now offering ACH as a payment option for vendor and miscellaneous payments made through the Payable Accounting department. An ACH payment is a form of electronic funds transfer that provides a secure, efficient method of receiving payment with the funds being deposited into the bank account you designate on the Vendor ACH/Direct Deposit Authorization Form.
Advantages of ACH PaymentChoosing ACH (direct deposit) as the method for receiving payments made to you by the CMU Payable Accounting department offers the following benefits:
- Eliminates the handling of paper checks
- Reduces any payment problems due to lost, stolen or misdirected checks
- Eliminates mail delays
- Provides for greater payment certainty for cash planning
- Provides the vendor with an e-mail showing the invoices being paid by the funds transfer
How to Begin
To take advantage of CMU’s Vendor ACH payment program, please contact Payable Accounting at 989-774-3351.
Payment Advice
Notification of payments deposited into your bank account will be provided via electronic means, so make sure to provide your e-mail address on the Vendor ACH/Direct Deposit Authorization Form.
Questions
Should you have any questions, please do not hesitate to contact the CMU Payable Accounting department at 989-774-3351.