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Vendorin is a leading supplier enablement specialist and is helping us make a quick and secure transition to electronic payment. Please help us do so by activating your company’s profile on the Vendorin network. You can get started by clicking ‘Get Started’ to create your profile and enjoy the benefits of getting paid electronically like so many of our suppliers who’ve already joined our Electronic Payment Enablement program! There are many benefits of participating in the Electronic Payment Enablement program. Here are a few that you may enjoy:

• Payments will be credited directly to your bank account.
• An email notification will be provided to you before each payment.
• Payment details will also be provided so that you can easily reconcile our credits to your bank account.

There is a lot to be gained by activating your company's profile on the Vendorin network. Some of these perks are:

• It's simple and there's absolutely zero cost to activate a profile for your company.
• It could very easily result in more of your customers paying you electronically.
• It's a fantastic way to link to your current and future trading partners so you always have point and click access to the type of information you currently have to provide or collect via phone, fax or email.

Agreeing to begin accepting ACH payments from customers makes participating suppliers more attractive partners for companies who are actively leveraging their existing financial systems and bank partners to lower their payment processing costs by paying accounts payable driven expenses electronically.

What is ACH?

Automated Clearinghouse (ACH) is an electronic network for financial transactions in the United States.

ACH is commonly used for direct deposit of payroll and vendor payments because it provides a quick, secure and low-cost method for companies to transfer funds electronically.

How Does ACH Work?

An ACH transaction starts with your company (the recipient) authorizing your customer (the originator) to begin issuing ACH credits to your company's bank account(s).

Once you have activated your Vendorin Profile and agreed to share it with your customer, you are ready to begin receiving ACH payments.

What Does ACH Cost?

Your bank will charge you a fee for receiving and posting ACH credits to your account. You should expect this fee to be roughly equivalent to the fee your bank already charges you to receive and post each check to your account.

If you use bank lockbox services to receive and post checks to your account, you should see a significant reduction in lockbox fees as you move to ACH.

There are basic steps your company can take to protect its financial information including maintaining network security, restricting use of wireless connections and personal computers and requiring employees to log out of financial applications when not at their workspace.

Passwords

Creating a strong password containing various upper and lower case letters and numbers which are not easily "guessed" by others then protecting your password by not sharing it with others, not storing it on your computer and changing it periodically are all steps you should take to help us protect your company's financial information.

Dual Factor Authentication

Creating a strong password and protecting the secrecy of your password is a good step to protect your company's financial information, but we go further. We enforce dual factor authentication which requires that you have access to the phone or cell phone to which we will send an authorization code when you attempt to modify key information in your profile which further protects your company's financial information.

Debit Blocks

If you do not currently have a debit block protecting your bank account, you should strongly consider contacting your bank today to put one in place. A debit block prevents electronic debits on your bank account which provides protection against several common forms of attempted fraud and theft, which helps us further protect your company's financial information.

Who is Vendorin?

Vendorin, Inc. is a leading provider of supplier enablement services focused on helping companies of all sizes to collect, validate and manage the type of supplier information needed to do business with confidence. The Vendorin Network and the company's Profile Hosting Service provides an efficient and low-cost method for companies to create an online profile, easily manage their profile over time and securely share their profile with selected trading partners. In addition to operating the Vendorin Network and the company's Profile Hosting Service, Vendorin is committed to facilitating a broad-based and on-going transition to electronic payments through its Electronic Payment Enablement Service. This service provides companies of all sizes the ability to leverage the electronic payment information contained within profiles hosted on the Vendorin Network to quickly, easily and securely make the transition from paying suppliers by check to paying them electronically. The Vendorin Network contains over 10 million company profiles awaiting activation.

What will happen if I don't participate?

If you choose not to participate you will continue to be paid by check but you should understand that we are committed to purchasing from suppliers who support the initiatives we undertake to improve our business processes and lower the overall cost of doing business.

How much does this cost?

There is no cost for you to participate in our Electronic Payment Enablement program. We are so confident that paying our suppliers electronically will improve our internal payment processes and enhance our supplier relationships that we have decided to absorb 100% of the cost involved in making the transition to electronic payments.