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Proposal for the City of Santa Ana
<br />JPMor. cran
<br />making a phone call and following simple voice prompts, clients can avoid the time - consuming
<br />process of completing forms, writing checks and making unnecessary visits to the banking center.
<br />In addition, TPS allows clients to be fully compliant with government mandates for electronic filing
<br />without giving the government access to their account numbers or funds.
<br />0
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<br />J.P. Morgan will work with the City to resolve. any situation where a Bank System failure caused
<br />the City to absorb penalties and interest. In the rare cases that this would occur, J.P. Morgan
<br />would cover the City forthese losses.
<br />' £¢ 7r t_:itiJ. aa•; fir., .W t:4 A144 poi, "OH ni ,rl,tiu!_, ire, isCl9 d�a t£, rP Ctar`(;p,wYM wI, la3:HlIR,e;>r}
<br />i'I thst`, f ,n,I,i r V , I lY 'iij ti t 1'IrF r "XY= }i.3,ri fHCTCe Iy
<br />. Jar a =:;s , y txr .l WO W w,/f,d e tf,wl or Oo at fife?
<br />J.P. Morgan's cutoff times for customer initiation of ACH transactions by input method for day
<br />cycle, night cycle and same day book transfers are shown in the table below.
<br />Touch -tone phone (cash
<br />3:00 p.m. PT
<br />concentration)
<br />i -
<br />Terminal (cash
<br />3:00 p.m. PT
<br />concentration)
<br />PC (client /channel access
<br />6:00 p.m. PT
<br />solutions)
<br />Direct Transmission
<br />j 7:00 p.m. PT
<br />no, "42o?,.' 4,3t z",V P #VYr jrt 5 tie /d ,'
<br />3:00 p.m. PT
<br />3:00 p.m. PT
<br />3:00 p.m. PT
<br />3:00 p.m. PT
<br />6:00 p.m. PT ; 6:00 p.m. PT
<br />7:00 p.m. PT 7:00 P.M. PT
<br />Yes.
<br />Same -day transfers are permissible if instructions are received prior to the applicable deadlines
<br />listed above.
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<br />Using any number of industry standard applications, the City will be able to create a transaction
<br />file in standard NACHA format. The City will simply transmit the file to J.P. Morgan through a
<br />common protocol such as FTP. Transmissions will be encrypted and sent to J.P. Morgan for final
<br />ACH processing.
<br />Once received, J.P. Morgan has automated file - scheduling packages to help ensure data is not
<br />lost, and file edit checks to identify potential duplicate files. J.P. Morgan will provide a transaction
<br />journal within two hours of receipt of the ACH No initiation transmission. Item count and dollar
<br />amount will be included in the acknowledgement.
<br />J.P. Morgan will maintain an Internet facing FTP server with a "drop box” directory on the server
<br />for the City. The server will be rnirrored for disaster recovery. For data inbound to J.P. Morgan,
<br />the City will have the ability to push the data files to the directory. The City will maintain
<br />responsibility for initiating the FTP session to push and pull data files.
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