New Western Union Wire Program for International Suppliers
Category: Accounts Payable, For Suppliers, Resources, Featured, Purchasing, Training
Rutgers University has partnered with Western Union (Convera) to process wire transfers from international suppliers (non-US and non-Canada) who submit invoices in U.S. dollars (USD). This new program provides a secure wire request payment process to foreign suppliers and reduces potential fraud. This process does not include direct uploads from Rutgers departments, e.g., Library, Students, Dining, Office of the General Counsel, etc.
The process to approve wire transfers for international suppliers remains mostly unchanged. A new form, titled “Western Union (Convera) Wire Transfer Form” (Invoiced in USD Only)” is now available in RU Marketplace. RU staff will be required to complete the form and submit it for approval to authorize the payment.
When an international supplier invoices Rutgers in a foreign currency, the department will continue to collect supplier’s banking information and submit the International Wire Transfer Form (Invoiced in Foreign Currency Only) in RU Marketplace.
Please see the training guide, and visit the UPS website to learn more about the program.