55A - RESO - DEPOSITORY SRVS - Laserfiche WebLink

Home Browse Search

Proposal for fie City of Santa Ana JPMororan We can accept PPi7 payroll files for next day credits, However, for erployees to receive funds as available balances for withdrawals at ATMs on payday, the City must deliver the tole to J.P. Morgan no later than 7:00 p.m. PT two (2) business days prior to the settlement date. For example, for employees to receive funds as available balances on Friday, the City must deliver the file to J.P. Morgan no later than 7:00 p.m. PT on Wednesday. This allows the bile to be processed in the earliest ACH processing cycle so that the receiving depository financial institutions can post the credits to the employees' accounts by open of business on Friday. Pre - notes are no longer required. It is the originators choice as to whether pre-notifications are necessary. However, J.P. Morgan recommends use of pre notifications if the City has time to respond to correnons or errors generated by a notification of change on the pre - notification and correct the information prior to the first payment. J.P. Morgan recommends that pre -notes be originated at least six banking days prior to live - doilar origination but can accommodate any timing scenario. , � 11 rl, " Notification of change and returned Item advises can be transmitted to the City via CPU to CPU, rroainframe to fax and mainframe to PC. Advises can also be retrieved using the J.P. Morgan ACCESS Information Reporting module,. The Information will be available for the, City's use on posting day. The City may also opt to use eServe for ACH. eServe provides a search feature tot review of return items. E -mail notification of returns, notifications of change and redeposits will are also available. Return files will be available for the client shortly after the open of business, Monday through Friday. The information available includes the original date of settlement and the return date„ as well as the return reason code and any information included with the original transactions, such as a client idenfiifier. .. , , , , 11 .�.. r r f''( ) l, iI .,:1 q1 r,f;I,I li7I It' Using any number of industry standard applications, the City will be able to create a transaction file in standard NACHA format. The City will simply transmit the file to J.P. Morgan through a. common protocadl such as F'TP, Transmissions will be encrypted and sent to J.P. Morgan for finial ACH processing. Once raceivod, J.P. Morgan has automated tile- scheduling packages to help ensure data is not lost, and file edit checks to identify potential duplicate tiles. J.P. Morgan wrlll provide a transaction journal within two hours of receipt of the ACH file initiation transmission. Item Count and dollar amount will he included in the acknowledgement. J.P. Morgan will maintain an Internet facing FTP server with a "drop box" directory on the server for the City. The server will be mirrored for disaster recovery. For data inbound to J.P. Morgan, the City will have the ability to push the data files to the directory. The City will maintain responsibility for initialing the FTP session to push and pull data files. .., , f,( '.1,, , f , , . el I f I . Yes. Chase at Work provides City of Santa Ana employees with a robust package of desirable benefits at no cost to the City. It is another way to help the City attract and retain high - quality, motivated employees. Page X91 55A -61