Common use of Payment Receipt Clause in Contracts

Payment Receipt. The PayMode application will [**]. It will not contain confidential data, but it will include a [**]. Payments are typically sent in CCD format, but for those vendors wishing to receive the remittance detail through the ACH network, the PayMode application will send a CTX formatted ACH transaction. A Tech technical implementation consultant will work with the vendor to configure the options for their CTX set-up and test that set-up.