J.P. MORGAN CHASE BANK-2016 - Laserfiche WebLink

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ACCESS Online logs off users after 15 minutes of inactivity. The user must log on again to continue. I. Positive Pay. The City currently utilizes Positive Pay on the General Demand Deposit and Commissary accounts. A daily positive pay file is generated and uploaded through our current bank's web portal. The City is currently expanding to include payee name verification to positive pay. The Bank must be able to provide this service. As a current customer, the City will continue to submit Positive Pay files as you do today. We will continue to work with you to increase fraud protection on your accounts by adding Payee Name Verification on additional accounts as requested by the City. The City may also want to take advantage of additional operational efficiencies by having the Positive Pay files sent via transmission to the bank to reduce manual efforts to upload. We look forward to working with the City on ways to streamline your current process. J. Disbursements, Wires and Money Transfer Services. Bank must have the capability to accommodate incoming and outgoing electronic money transfers. The Bank should also provide the City with a money transfer type service that allows the City to initiate on -line wire transfers and antra -book transfers among the City's accounts. The City of Santa Ana currently utilizes a ZBA for the housing account. A general account with positive pay service protection is used for disbursement of payroll, accounts payable, and workers compensation payments. A separate checking account is also maintained with positive pay service protection for the City's Jail Commissary Account. Checks are not issued from the Flex Benefit Spending Account, The City initiates electronic payments using an on- line wire function that is part of its current electronic Banking Provider. 1. Does your system offer automated, repetitive and non - repetitive domestic wire transfer capabilities? Are there different controls for repetitive vs. non - repetitive? If so, please describe. ACCESS Online offers the City a complete range of electronic money transfer services to initiate outgoing wires, including automated, repetitive and non - repetitive domestic wire transfers and ACH transfers as well as inter - account transfers. ACCESS Online offers two kinds of templates to support the setup of repetitive wires. Standard templates (the City - verified, repetitive instructions) are controlled by you. In addition to supporting locked fields for added security, they are immediately available for use once approved and activated. Enhanced Templates (a.k.a. bank - verified lines) are setup by the City but have the added feature of being verified by the bank prior to use. Bank activation of such templates is usually a 24 -48 hour turnaround, after which the template is available for use. Page 56 JYMorgan