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Proposal for the City of Santa Ana JYMoraan <br />Bags <br />J.P. Morgan levies no fees above those charged by the vendor. The cost of bags to clients is the <br />same as that paid by J.P. Morgan branches and vaults. Monthly billing can be itemized by <br />location on your statement and billed directly to your account or charged to your credit card. Fees <br />include the cost of the bag and standard delivery via UPS Ground. Only sales taxes are <br />additional, where applicable. Prices depend on the size of bag ordered. <br />0" ^ Pq th, ..,Awi qgA- ,rimy, -. A,, prr:;'s ,rrr; tr „cb, namlu,h, „eEnarrhY, <br />1 altt,) ilr f" Q111 ` ”, f ,' ❑tfffiamq "h,ji 6 -rtG rl _f'OUffel, wdf UC oarj4 yoei ti. <br />!Hr, IL -,. Jt *!aiisr( tit .,:o.[ 000­1t pa s4, I,;mij S.iii?R; i. . "l <br />Yes. <br />As a global leader in check processing, J.P. Morgan is committed to staying on the cutting edge <br />of product development and providing our clients with the latest innovations. As one of the largest <br />providers of U.S. dollar check services, J.P. Morgan is at the forefront of Check 21 planning and <br />execution. <br />In September 2004, J.P. Morgan became the first bank to conduct a live pilot of image exchange <br />with another financial institution. Today, we offer both a remote capture and ACH clearing <br />solution for eligible items. <br />Image Deposit Direct (IDD) <br />Image Deposit Direct (IDD) is our end - to-end hardware, software and processing solution for <br />eliminating paper check payments at client locations, drop boxes, and internal retail and <br />consumer lockboxes. <br />Using IDD, The City of Santa Ana will have the ability to: <br />(1) Scan checks <br />(2) Securely store them at a Web - accessible archive <br />(3) Convert checks into ACH transactions and submit the images to J.P, Morgan processing <br />centers for deposit and clearing. <br />Remote Deposit via IDD offers the City an opportunity to: <br />Reduce costs and risks associated with the physical transportation of check items to <br />depository institutions <br />Potentially accelerate funds availability from consumer items clearing as ACH transactions <br />Streamline the collection of returned checks, which results in lower returned check fees <br />Streamline receivables workflow process to gain additional efficiencies <br />Access extensive information reports and transaction detail online <br />Collapse and consolidate multiple regional bank relationships <br />Consolidate check deposit business and reduce deposit, sweeps, and wires expenses <br />Reduce bank procurement fees (IDD is a complete end -to -end hardware, software and <br />processing solution) <br />Page 23 <br />