Common use of E-payables Clause in Contracts

E-payables. it is an electronic method of payment. Vendors are provided a credit card by the City’s bank, Suntrust. Invoice payments will be transferred/deposited to the credit card and the vendor will receive a remittance via e-mail. The Vendor is required to swipe the card to receive the funds. Invoice payments will be processed and issued upon invoice receipt. Yes No

E-payables. it is an electronic method of payment. Vendors are provided a credit card by the City’s bank, Suntrust. Invoice payments will be transferred/deposited to the credit card and the vendor will receive a remittance via e-mail. The Vendor is required to swipe the card to receive the funds. Invoice payments will be processed and issued upon invoice receipt. Yes No.