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4. Corporate Credit / Purchase Cards - The City currently has from 8 to 10 corporate credit cards issued to select employees and averages approximately $500,000 in card transactions annually. a. Can the Sank provide the City with corporate / purchase credit cards? Yes, J.P. Morgan can provide the City with commercial cards. Based on the City's objectives, we recommend the One Card for your commercial card program. The J.P. Morgan One Card is a powerful way to combine all of your purchase and travel expenditures into a single card program. From office supplies and equipment to airfare, hotel, and restaurants, the One Card is the only card you need. This versatile solution also empowers the City to: • Identify process efficiencies and potential savings through robust, web -based reporting • Pay vendors faster while optimizing cash flow • Customize cardholder controls • Earn an annual rebate by charging qualified purchase or travel expenses to the card • Leverage support for your employees as well as for your program administrator Robust, Web-Based Reporting J.P. Morgan works with MasterCard to provide our clients with the smartdata.gen2 (smartdata) system which simplifies reporting, data management, and approvals for all card charges, including out -of- pocket cash transactions such as cab fares. Smartdata further supports your program administrator, managers, and cardholders by delivering daily transaction updates, line -item detail, and the following advantages: • Comprehensive reports— Dozens of reports can be viewed 24/7/365, supplying a full overview of where and how your employees are spending across your entire organization. • Default transaction coding— General ledger codes can be linked to a merchant category code, specific merchant, or card account. Our electronic coding allows you to automatically assign general ledger codes to transactions without manually entering every expense. Page 92 J P Morgan 55E -187