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Proposal for the City of Santa Ana
<br />JTMorgan
<br />Transactions can be entered as either freeform or repetitive lines. For freeform transactions, all
<br />beneficiary and bank routing information must be entered each time. Repetitive lines contain the
<br />complete banking information and beneficiary name and only the payment amount and value date
<br />need to be entered. There are two types of repetitive lines, bank verified and customer verified.
<br />Bank verified lines are established on the bank's back office system. Typically these can be
<br />established in 24 hours or less. The control benefit of bank transfers is that no changes can be
<br />made to the bank routing information. Customer verified transactions are different in that past
<br />transaction routing information is saved, but it can be altered. A customer verified line is just a
<br />saved 'freeform' transaction.
<br />Separate controls and dollar thresholds can be established for control purposes when granting
<br />user privileges to tailor the user rights consistent with good internal control procedures.
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<br />In the unlikely event of a failed wire transfer, our service staff will contact you immediately to
<br />discuss the transaction.
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<br />The City may send issue files via the Internet or direct transmission.
<br />Internet -Based Positive Pay
<br />As part of a complete range of disbursement services available through our web -based
<br />reconciliation system, PayablesWeb Services (PWS), J.P. Morgan offers Internet -based Positive
<br />Pay Services,
<br />Accessible using the J.P, Morgan ACCESS portal, the PWS Positive Pay Exception Processing
<br />module will allow the City to send positive pay issues files via the Internet. Using standard
<br />browser software, this Internet delivery channel provides a foundation for secure, automated and
<br />traceable communications between the City and J.P. Morgan.
<br />Fife Transmission
<br />Issue data can be simply and flexibly supplied to J.P. Morgan via file transmission, uploaded to
<br />PWS, or manually keyed into PWS.
<br />If the City opts to send issue files via direct transmission, we recommend reviewing the
<br />transmission specifications provided in Appendix 5.
<br />Technical Support
<br />The City of Santa Ana's primary contact will be Georgina Gomez, the City's dedicated Client
<br />Service Professional (CSP), is available during standard business hours at 520 -878 -2318.
<br />Our Treasury Services Solution Center's hours of operation are from 5:00 a.m. PT to 5:00 p.m.
<br />PT.
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<br />J.P. Morgan offers one of the most complete Positive Pay solutions in the industry. Our Positive
<br />pay suite of services examines and addresses each component of the check presentment
<br />process.
<br />Payment Verification — Provides protection against altered, counterfeit or unauthorized
<br />checks. Only those items listed by the City will be paid
<br />"Push "Technology — Provides daily notification of any exception items online, leaving the City
<br />free to manage other business activities
<br />Payee Name Verification - Reduces the risk of payee line alterations
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