Commit to bank-change verification
Create a specific if-then commitment for verifying supplier bank changes before payment release.
Supplier bank-change verification Use this for any supplier request that changes bank account, routing number, IBAN, beneficiary name, payment currency, or payment address. If any supplier payment-detail field changes, I will stop the update until I verify through a known independent channel, attach the evidence, request second approval, and hold affected payments until the verified master record is active. I will not use contact details supplied in the change request as verification evidence. In 2 days, check whether any supplier payment-detail change was verified through a known independent channel and documented before release. A familiar supplier emails a new bank…
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