55E - RESO - AGMT - DEPOSITORY SRVS

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services accommodate a wide range of security options, including dual control among users and daily or transaction limits. By separating duties, accounts and approval workflows, the City can help reduce the risk of fraud or compromised data. The City's security administrators are the only individuals able to assign users with transaction initiation privileges. Standard Security Administrator Model Two security administrators (SA) are required to add and change user entitlements. leek I Initiates and Ap,nmres AR ,.. Rogues Mark Chris Maria SA SA End User caseyz 1. Need to update security administrator and end�i user Maria's profile r Even though Maria is an SA, she cannot change Mark Chris Made '.. her rn ofile '. SA SA SA and End USGAIN Additionally, ACCESS Online automatically prevents a single user from performing all actions (create, approve and release) on a single payment, even if the user is entitled to create, approve and release. At the point of release, the application requires that two unique users are involved in the payment life cycle, which includes the creation, approval and release of the payment, as well as the creation, approval and activation of any underlying template. Therefore, even if users have all three entitlements, they will still not be able to take all three actions on a payment on their own. 5. The City currently transfers funds among its accounts electronically. Describe ACCESS Online provides authorized users the ability to enter transfers to and from the City's own U.S. J.P. Morgan accounts in a secure online environment 24 hours a day, seven days a week. ACCESS Online allows your authorized users to: • Move funds quickly and easily between accounts. • Initiate free -form transfers. • Create, save and reuse templates with the multiple entry feature. • Access current -day and historical transactions. Transactions received after 8:oo p.m. PT are applied the following business day. Page Ss J : Morgan 55E -153