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

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Payables fraud protection services are required for check printing. Check issue information is automatically generated and then sent to our account reconciliation processing (ARP) platform. Check issues are sent to all Chase teller systems across the country, to offer positive pay fraud protection and payee name match service at the teller window. Upon presentment by the payee, the item would be immediately scanned by the teller and then matched to the authorized check issuance details on file, provided by the City. If there are any variations to the payee name details or the item was not found on our records, the encashment request would be denied and the payee would be advised to contact the City. This level of protection is just one of the many benefits you may realize in choosing J.P. Morgan as your check print outsourcing provider. Checks deposited at a Chase ATM are also screened against the positive pay records. Checks not matching your issue records will have a fund availability hold placed against the check amount, allowing for your positive pay exception review and a pay or return decision before the check amount is available to the depositor. Payee name verification is not part of the ATM positive pay review. Through significant infrastructure and technology investment in our U.S. printing facilities, we can offer the City a low -cost, high - quality printing solution that is designed specifically for you and that can be adapted as your needs change. The City may send a single file to J.P. Morgan with instructions for U.S. ACH, global ACH, domestic and international wires, Corporate Quick Pay, single -use accounts, check, and FX payments. Additionally, file mapping from ERP and treasury systems provides for efficient interfaces. We accept multiple file formats, including ASC ANSI X12. J.P. Morgan's check printing platform features include • Both standard and customized templates for accounts payable and payroll checks. Use of our standard templates will offer a quicker and lower implementation costs. A postal net barcode provides for processing efficiencies with the U.S. Postal Service, which translates into postal discounts that leverage not only your own volumes, but those of our other clients as well. New check paper stock provides security features, such as chemical sensitization, invisible fluorescent security fibers, security watermark and security alert verbiage. Check Print via ACCESS Online J.P. Morgan's Check Print service provides the City with a comprehensive print -to -mail solution for processing large volumes of checks. We have offered check print and dispatch services for more than 20 years. Designed to help you lower operating costs, our service removes the City's need to maintain printing equipment and unnecessary overhead associated with printing checks or remittances advices. Our services help to: Page 100 JYMoraan