55A - RESO - DEPOSITORY SRVS - Laserfiche WebLink

Home Browse Search

Proposal for the City of Sanla Ana JTMar an Bags J.P. Morgan levies no fees above those charged by the vendor. The cost of bags to clients is the same as that paid by J.P. Morgan branches and vaults. Monthly billing can be itemized by Location on your statement and billed directly to your account or charged to your credit card. Fees include the cost of the bag and standard delivery via UPS Ground. Only sales taxes are additional, where applicable. Prices depend on the size of bag ordered. ,., .. , , (a .,, .. � f J. ,.. v ,. 1, r. <•r f, n , cl , n :ur, ?p> yaw 0(' ^Ngji')Vvd is Yes. As a global leader in check processing, J -P. Morgan is commdtted to staying on the culling edge of product development and providing our clients with the latest innovations. As one of the largest providers of U.S. dollar check services, J.P. Morgan is at the forefront of Check 21 planning and execution. In September 2004, J.P Morgan became the first bank to conduct a live pilot of image exchange with another financial institution. Today, we offer both a remote capture and ACH clearing solution for eligible items. Image Deposit Direct fiDD) Image Deposit Direct (IDD) is our end -to -end hardware, software and processing solution for eliminating paper check payments at client locations, drop boxes, and internal retail and consumer lockboxes. Using IDD, The City of Santa Ana will have the ability to: (1) Scan checks (2) Securely store them at a Web- accessible archive (3) Convert checks into ACH transactions and submit the images to J.P. Morgan processing centers for deposit and clearing. Remote Deposit via IDD offers the City an opportunity to: Reduce costs and risks associated with the physical transportation of check items to depository institutions Potentially accelerate funds availability from consumer items clearing as ACH transactions Streamline the collection of returned checks, which results in lower returned check fees Streamline receivables workflow process to gain additional efficiencies Access extensive information reports and transaction detail online Collapse and consolidate multiple regional bank relationships, Consolidate check deposit business and reduce deposit, sweeps, and wires expenses Reduce bank procurement fees (IDD is a complete end- to-end hardware, software and processing sclution) Raw, 23.. 55A -43