J.P. MORGAN CHASE BANK, N.A. 1A - 2015

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proposal for the Cif of Santa Ana I Y J. QraCZIZ Teller line Positive Pay- Provides protection before encashment at the teller line Within one hour of receipt of the City's issue file, we will update our teller line systerns. When a check is presented for payment at a Cheese teller window, the teller system determines the validity of the check issue prior to payment. Items not found as matching open entries on the issue file will be denied encashment. The City of Santa Ana will transmit items issued against a disbursement account to J.P. Morgan, electronically. We will process the daily checks paid information against your input file and generate an exception report identifying all items that are either paid without issue or fail to match Via information included in the issue file. The City may opt to include payee name information within the issue file. Our advanced technology compares the name on the face of the chock to the payee narne on file to identify exception items for your review. c ^yk., I I I a-. -d1;� .41 .,, YOUR CUSTOMER �'e 12UN 'Inn, a n h ywhoro. USA IZ9145 PAY IO rUE ORUBRor � nur 1i n�x,e iMxnurnw.gto 100001 LN t C C V `NJ A dyit 4g9 r:004?Ao0 4Gl: Q046004d952'1e 100006 r;000002031: ir`acttiaclnt f posftivrc -: I)ay bAlr €; v''Y -?fir olJon tali i rnurt_ dnuuJill, S('l lot rm il)ct 7 S; cl :rc While Positive Pay matches the MICR information of a presented check to the issue file, Payee Verification takes the additional step of validating that the payee name matches the issue file payee information. Our Payee narne review digitally interrogates up to '100 characters of payee name and also looks for alterations or additions above, below, or to the right of the payee name that would change the payee identification. Mismatched items are visually evaluated to eliminate digital interrogation reading errors and then sent in the daily Positive Pay exception reporting for decisioning. J.P. Morgan will review (scrub) daily exceptions to prevent miscoding of dollar amounts or check numbers. Each day, we will deliver an e -mail notice indicating whether or not there are exceptions for review and decisioning. An embedded UAL within the e -mail notice will provide the City with quick and easy access to the J.P. Morgan ACCESS logon screen, which serves as a portal to the Payables Web Services (PWS) Positive Pay exception module, From here, authorized users will be able to review exception detail with associated check images and make pay/no pay decisions, online. Page 3,3