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Proposal for tfte City of Santa Tina J PMoraan
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<br />L.A.I.F. Transfers will be performed online, using the ACH Initiation and /or Electronic Funds
<br />Transfer modules of J.P. Morgan ACCESS (i.e., ACH and /or wire transfers).
<br />J.P. Morgan employs a sophisticated authentication and encryption system to maintain the
<br />security of all value - bearing data. J.P. Morgan policy requires authentication or encryption to help
<br />ensure the integrity of these transactions. Authentication relies on encrypted key technology to
<br />provide a safe, cost- effective way to help ensure the validity of financial transactions that are
<br />transmitted electronically. This system, comprising both computer hardware and software,
<br />confirms that none of the message elements in a transmission have been altered. To authenticate
<br />items processed by the client, J.P. Morgan proposes the following three - component system: an
<br />authentication unit (sometimes called a black box), an authentication key and a crossover switch
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<br />Yes.
<br />J.P. Morgan has an office in Sacramento that maintains a direct demand deposit relationship with
<br />the State Treasurer's Office and the State Controllers office. We would be able to assist the City
<br />in expediting receipt of warrants issued by the State Controller's office.
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<br />The City will be assessed a $2.00 fee per transfer to and from the L.AIF agency. These
<br />transactions will be done electronically and considered book transfers.
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<br />Yes.
<br />Using the finds transfer module (wire) of J.P. Morgan ACCESS, the City will be able to initiate
<br />transfers up to IS business days prior to the effective date.
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<br />J.P. Morgan can help facilitate and expedite the deposit of subvention payments from the State
<br />Controller's office. The warrants can be collected and processed in Sacramento with funds made
<br />available to the City.
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<br />From the moment the City of Santa Ana awards business to J.P. Morgan, our commitment is to
<br />seamlessly integrate our products into your organization in a timely manner.
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