Migration of Electronic Payments

                           Company Letter Head


Date :


To : Dear Our Valued Suppliers

MIGRATION TO ELECTRONIC PAYMENTS

Please be informed that our company will be considered work being done on the future payments direction and implemented the electronic payment.

This is in line with Government's initiative to reduce the issuance of cheques and conserve the environment. As such, the promotion of a secure, safe and efficient payment system is an important objective. In order to send the payments through electronic transfer for deposit to your bank account, we need your bank information.

Therefore, we sincerely hope that your company could provide and return Payment Authorisation Form for our compilation.

Should you have any queries, please contact  (Ms/Mr XXXX) at (Tel. no.).


Yours faithfully,
Company Name


______________________
Manager Name
Manager






PAYMENT AUTHORISATION FORM

(A) This section is to be completed by VENDOR
Company Name :
Company Address :
Co. Registration No. :
Telephone No. :
Fascimile No. : Currency :
Contact Person : Payment Mode :
Email Notification :


Beneficiary Banker Information
Please complete the following Banker's information.
Bank Account No. :
Bank Name :
Bank Address :
Bank Telephone No. :
Bank Swift Code :

SIGNATURE AUTHORISATION :

Prepared by :
Designation :
Date :  

_________________________
Signature with company stamp

Note: If the beneficiary's name is different than the name of the company, please provide a reason why we should send the payment to this beneficiary as below stated:


Authorization Agreement
I here authorize (your company name) to deposit payment into the account on behalf of paid accounts payable invoices.

Reason for payment :  ______________________________________________________


_________________ ___________________
Authorised Personnel Signature


(B) This section is to be completed by (your company name) 
SIGNATURE AUTHORISATION :



Management _________________ ___________________
Authorised Personnel Signature