VCC Requirements
A Virtual Credit Card (VCC) is an Electronic Payment Tool provided by MUFG. For VCC Payments, your Vendors will receive an email containing a unique 16-digit Virtual Credit Card Number. All transfers must be in USD.
Vendor Onboarding
The Vendor onboarding process is manual.
To onboard a Vendor for VCC Payments, retrieve the Vendor ID from the ERP and share it with the MUFG team.
IMPORTANT: This step is required. If the Vendor ID is not provided, Payments will fail.
NetSuite
Intacct
Business Central
Vendor & Bill Requirements
To prevent Payment delays or returns, all Payments are required to have the following requirements:
Vendor Record
The Entity's full legal name, address, and phone number must be accurately populated on the Vendor record.
Billing Address and Location
The Entity and Bill (if applicable) Billing Addresses must be located in the country of destination and must match the country specified in the Entity Bank Details record.
Currency
The currency for the Vendor Bill must be in USD.
Bill Reference
The Bill has a Reference ID.