PURPOSE: This rule describes the requirements established to allow vendors on the Statewide Vendor File to participate in the direct deposit of vendor payments.

Editor's Note: This rule is used in conjunction with 15 CSR 50-3.

1. (1) Vendors on the Statewide Vendor File desiring to participate in the state’s direct deposit program must complete section A of the Vendor Automated Clearing House Application form (Exhibit A). The form is provided by any state agency to the vendor who shall be responsible for completing section B before forwarding it to the Office of Administration, Division of Accounting. The completed application authorizes the Office of Administration to deposit (credit) a vendor’s designated checking or savings account for the amount of a required payment. It also authorizes a vendor’s account to be debited only when an error has occurred resulting in an erroneous payment to the vendor.
2. (2) Direct deposit of vendor payments will begin following the submission of a properly completed application form to the Office of Administration, Division of Accounting, the successful processing of a test transaction through the banking system and the election by a state agency to make payment to a participating vendor using the direct deposit option.
3. (3) The state will conduct vendor direct deposit through the automated clearing house system, utilizing an originating depository financial institution. The rules of the National Automated Clearing House Association and its member local Automated Clearing House Associations shall apply, as limited or modified by law.

AUTHORITY: section 33.155, RSMo Supp. 1990.* Emergency rule filed Aug. 25, 1992, effective Oct. 1, 1992, expired Jan. 28, 1993. Emergency rule filed Dec. 30, 1992, effective Jan. 29, 1993, expired May 28, 1993. Original rule filed Aug. 25, 1992, effective April 8, 1993. *Original authority 1990.