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J.P. MORGAN CHASE BANK-2016
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J.P. MORGAN CHASE BANK-2016
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Last modified
3/31/2017 12:58:30 PM
Creation date
1/10/2017 3:43:03 PM
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Contracts
Company Name
JP MORGAN CHASE BANK
Contract #
A-2016-366
Agency
FINANCE & MANAGEMENT SERVICES
Council Approval Date
12/6/2016
Expiration Date
12/31/2019
Insurance Exp Date
6/1/2017
Destruction Year
0
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Number of Administrators <br />There is no limit to the number of administrators or users the City can <br />give access to use smartdata. There is also no cost associated with setting <br />up new users in the system. <br />U. Additional and Other Services. <br />The Bank is encouraged to list additional services and the costs for those services <br />that are customarily provided to governmental entities. In your Bank's proposal, <br />describe alternate approaches to the requested services where feasible or additional <br />services offered or recommended, which may not be specifically requested but of <br />benefit to the City. Discuss any creative pricing or payment options the Bank can <br />provide. <br />We make it our business to anticipate how to serve the City better. Your relationship <br />team will deliver on this commitment. <br />The following solutions are considered to be of value to the City. Your Relationship Team <br />looks forward to providing additional details should the City be interested. <br />• Corporate Quick Pay <br />• Check Print <br />• Lockbox Services <br />• Transmission Services <br />• Single -Use Account Program <br />33MEMBLEUMMIM <br />Corporate Quick Pay (CQP) is an innovative payment solution built for mobile and <br />online interactions and designed to reduce the costs associated with processing paper <br />checks for small payments, while accelerating the availability of these funds to the City's <br />consumers. Accepted payments are processed as quickly as the next business day. <br />Advantages for the City's constituents to use Corporate Quick Pay include: <br />• CQP offers a faster way to send payments to the City consumers via email. <br />• Online and mobile portals are secure and have strong password requirements. <br />• CQP offers payment notification to your consumers including what the payment <br />is for and any supplemental information provided by the City. <br />• While J.P. Morgan provides payment processing, your consumers are not <br />required to have a J.P. Morgan account, so your payment can be sent to an <br />account your consumer maintains at any financial institution in the United <br />States. <br />Page 98 JYMorgal <br />
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