Writing checks is a traditional payment method long used by companies to satisfy invoices for vendors and paying clients, but this is also the most expensive remittance method and carries the highest fraud risk.
In an effort to integrate ACH as the preferred payment method across Centerplate, please use the attached form to obtain the required banking details of any entity currently being paid via paper check. These details will be loaded into the A/P system so that future payments are generated electronically rather than as a check. The field accounting team and the A/P team here in Greenville will also reach out as requests for payment are identified where an ACH opportunity exists.
Please note that along with our ACH/EFT Set-up Form, Centerplate is requiring that the vendor provide either a Voided Check for the account where the funds will be deposited or a bank letter, signed by a bank officer, verifying the company’s account and ACH routing number. This information allows Centerplate to verify the information on the Set-up Form and helps to protect both Centerplate and the vendor from fraud.
Download the ACH-EFT Set-up Form here.
The goal is to increase efficiency while reducing costs and mitigating risks. Your support in this initiative is greatly appreciated.