The Controller’s Office has partnered with US Bank to provide campus suppliers with an additional electronic payment option. Payment Plus is being offered as an alternative to paper checks and may be preferred over Electronic Funds Transfer (EFT) by some suppliers. Payment Plus allows for the secure delivery of automated payments to our suppliers who accept credit cards. The current BearBuy processes for purchase requisitions and invoices remain unchanged. This initiative is an important opportunity to improve efficiency and reduce costs for the campus and our suppliers.
Key benefits our suppliers will receive from Payment Plus:
- Payments issued within 2 business day of invoice approval
- Improved cash flow
Key benefits UC Berkeley receives from Payment Plus:
- Reduced costs from a streamlined payment process
- Enhanced controls and compliance
HOW IT WORKS:
Upon enrolling, suppliers will receive an automated email for each payment. These emails will contain a link to a secure web portal where you will obtain a unique Visa credit card number, the amount to charge and the other pertinent details of the transaction needed to process and reconcile your payments. The credit card account will change with each payment so suppliers will not need to keep this information on file.
To enroll in this new payment arrangement, please email UCBerkeley@supplier-services.com