Supplier Payment Methods

Thank you for becoming a University of Louisville Supplier!  We are happy to be working with you. 

As a supplier, you have the option of being paid in 1 of the 4 methods listed below.  For more details on any of these methods, please contact Accounts Payable via email at . Please note that the top 3 listed are the University's preferred methods of payments.

 

Payment Method

(*preferred)

Advantages Disadvantages
*Automated Clearing House (ACH)
Direct Deposit into Vendor Bank Account
  • Funds directly to bank account
  • No trip to bank
  • Remittance advice e-mailed to a specified vendor e-mail address(es) OR remittance information sent to bank with payment (CCD+)
  • Easy and quick to set-up
  • Takes a few days to test and be set-up
  • May be a new process to learn for some vendors
  • Only 1 bank account per vendor – difficult for vendors with multiple locations/accounts
*Departmental Procurement (Credit) Card
  • Card charged immediately – no need to wait for payment
  • No Purchase Order needed
  • No advanced set-up necessary

 

  • Need to be able to accept credit card payments
  • Only available for specific types of purchases and for specific dollar limits
  • Not all departments have procurement cards
*PNC ActivePay Credit Card Program
  • Card charged as soon as payment notification sent to vendor – no need to wait for check to be mailed
  • Works for all purchases and all dollar amounts
  • Invoice UofL as normal
  • Remittance advice provided along with payment notification
  • Need to be able to accept credit card payments
  • Need to be set up for program in advance of processing any payments
Traditional Paper Check
  • No advance set-up
  • Easy for small companies
  • Preferred method for one-time payments
  • Extra days for mail time
  • Need to take check to bank
  • Possible delay before funds clear bank
  • More expensive to process

The Office of Finance and Administration serves all eligible faculty, staff, and students regardless of race, color, national origin, sex, disability, or age.

Budget & Financial Planning

Grawemeyer Hall
Rm LL14
Louisville, KY 40292
Bursar

Phone: 502-852-6503
Houchens Building
Suite 101
Louisville, KY 40292
Controller

Phone: 502-852-6164
Service Complex
2nd Floor
Louisville, KY 40292
Accounts Payable & Travel


Service Complex
2nd Floor, Rm 212
Louisville, KY 40292
Payroll Services

Phone: 502-852-2978
Service Complex
2nd Floor, Rm 223
Louisville, KY 40292

Operations

Grawemeyer Hall
Louisville, KY 40292