Concourse

The Stony Brook Foundation (SBF) has partnered with J.P. Morgan Chase to provide Concourse, a secure ACH payment solution for ALL PAYEES of the Stony Brook Foundation.

• FAQ

  HOW WILL MY VENDORS (PAYEES) SIGN UP FOR ACH PAYMENTS?

  Providing SBF with the correct e-mail address for the payee’s accounts receivable or billing department is key.

  Payees that have a payment ready for disbursement will be sent an e-mail notification from J.P. Morgan Chase requesting them to accept payment and providing an option to the payee to have the funds electronically deposited into their account. At this time payees can register for ACH through Concourse’s secure portal and save their bank information and even set up auto pay for future payments.

   

  WILL ACH BECOME THE DEFAULT PAYMENT?

  No, ACH will not become the default method of payment. The default payment type will continue to be a check. Payees who register for Concourse’s ACH payment option will expedite receipt of payment. Each time a payment is ready, the payee will be notified via e-mail. If the payee elects not to register for ACH or ignores their e-mail notification, the payment will be made via check 7 days after the email is sent.

   

  HOW DOES A PAYEE CLAIM PAYMENT?

  Payees will receive an email from J.P. Morgan Concourse with the subject: “You Have Received a Payment from Stony Brook Foundation, Inc.”  The email will have the payment details with a link to register and accept payment.  Registration is only required upon first use only.

  Please share this JPM Chase Concourse QuickStart Guide for Vendorswith your vendors. It is a step-by-step guide to the Concourse payment platform.

• Forms

  To ensure your vendor will receive the ACH payment option please include the payee’s accounts receivable or billing department email address on the following forms when setting up a vendor or submitting a paper requisition:

  • Vendor Set-Up Form
  • Requisition Form

  When submitting a payment requisition through AvidXchange, include the email address in the “Payee Email” field.

   

• Contact

  For questions or concerns, please email concourse_help@stonybrookfoundation.org