Payment Plus Enrollment

Thank you for your interest in the Payments Plus Program! Payment Plus is the University of Denver's accounts payable initiative to pay our vendors using automated Visa card payments. Our goal is to improve process efficiency and working capital management, as well as reduce the cost of processing check transactions.

• Benefits of Payment Plus

  Payment Plus is the University of Denver's preferred vendor payment method, with many benefits to using the Visa Commercial Card instead of checks or other payment methods.

  • Accelerated payment and improved cash flow
  • Reduced paperwork and a streamlined accounts receivable process
  • Real-time notifications for each payment
  • Complete remittance detail to support efficient receivable posting
  • No changes or modifications to your existing card acceptance procedures

  It is the University's intent to pay vendors participating in Payment Plus immediately upon approval of invoices, which generally results in significant payment acceleration. DU's terms for each payment method are as follows:

  • Payment Plus — Payable immediately
  • ACH — Net 30 (payable in 30 days)
  • Checks — Net 45 (payable in 45 days)
• How Payment Plus Works

  If you will be receiving multiple payments from DU and you are set up through your bank with a merchant account to accept credit card payments, this program provides the fastest payment method available.

  Following enrollment, each payment will generate an automated remittance email linking to a secure web portal that will provide a unique Visa Commercial Card account number, the charge amount, and other payment processing details. The account number is unique to each payment, so it will not need to be kept on file.

  For more information, see the Payment Plus Vendor FAQs.