Treasury and UPST are excited to announce that Recipient Select Plus, a new payment solution powered by Bank of America, will be available to the University’s individual suppliers in the next few weeks!
Recipient Select Plus is a secure online portal that will allow our individual suppliers (recipients) to decide how they want to receive their payment from the University. The University will offer a choice of electronic payment options, including a traditional payment type (US ACH), as well as digital payment options (US Zelle®, US and cross-border PayPal).
Using the secure online portal the University’s individual suppliers will go through a process of identity and payment verification. With Recipient Select Plus, the bank will collect and store the recipient’s data and payment information on behalf of the University.
Stay tuned for future updates on this exciting new development!