Due to the rise in wire payment fraud, we are implementing a new Wire Payment Enrollment Form to collect bank data for wire payments. The new form will play a key role in facilitating a new bank data verification process. These measures are essential to prevent fraud and ensure the accuracy and security of wire payments. Key benefits of this change include:

• Increased fraud prevention by implementing stricter requirements and verification methods to ensure wire payments are sent to the correct recipients
• Enhanced due diligence by reviewing and verifying wire data

We are committed to continuously improving financial controls to support the needs of our campus community while also protecting the integrity and security of University funds. Detailed information regarding the new form and how you can help support this important process change will be shared in future communications.

We appreciate your understanding and support in this process to prevent fraud.