Preferred Payment Method

The Intel preferred payment method is Electronic Funds Transfer (EFT). With EFT, payments can be electronically deposited directly into your company’s designated bank account through ACH (Automated Clearing House).

To enroll for Electronic Funds Transfer (EFT), please complete the Supplier Information Form (SIF) located on the Forms page.

 

Bank Account Information Updates

Please ensure you keep Intel informed promptly when you have bank information updates by submitting the request ticket to the Purchasing Service Desk. Failing to update your bank information in Intel's database will result in your payment being rejected and a delay in you receiving payment.

If you are uncertain what your current bank information is in Intel's database, please contact Accounts Payable PO for your region, Contact Us, for assistance.

The following are the two ways remittance advice can be viewed.

1. Online Payment Tracking:

  • Ariba Network Transactions - For transactions on the Ariba Network, suppliers can review the status of invoices and payments, and run reports using different filter criteria.
  • WebSuite Transactions - For transactions in Intel WebSuite, suppliers can monitor the status of invoices and payments in Intel Payment Tracker. Reports can be run by PO number, invoice number, payment due date ranges, or check number.

2. Corporate Trade Exchange (CTX):

  • Remittance advice and payments are sent electronically to your company’s bank. You then coordinate with your banking institution on how to receive notification and remittance advice from them. Please contact your bank to verify their capabilities.

Once we have received your completed Supplier Information Form (SIF), we will verify the banking information you have submitted and update our system to begin processing your payments electronically.

Additionally, Intel’s Accounts Payable Automated Customer Service is available 24 hours-a-day, giving you quick access to payment statuses of individual invoices. The contact number for your location/region can be found on our Contact Us Page. When you call, please have your 10-digit Supplier Number. If you are a Registered Supplier click on Intel® Web Suite and log into Intel's Web Suite, then Payment Queries link or click on Request New Account.

If you have questions or need assistance completing the online registration, please contact your buyer.