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There is no minimum required for Smart Safe, however too little cash collected at one location may not make sense for Smart Safe. Typically, cash deposit volume greater than $500 per location, per day is recommended. J.P. Morgan recommends the City meets with its armored courier vendor to understand which Smart Safe solution is right for your operations. Availability of specific cassette sizes and safe models vary depending on the vendor, but our contacts have indicated that the largest cassettes available can hold up to 2200 -2250 bills and the largest models can hold two cassettes, so potentially up to 4400 -4500 bills in one safe. Your armored courier vendor will review with you the equipment options, placement, capacity and related pricing to help determine the optimal solution. J.P. Morgan charges the following for this service: SERVICE DESCRIPTION AFP SERVICE CODE UNIT PRICE Smart Safe Monthly Maintenance 100199 $30.00 Smart Safe Advance Credit 100199 How it Works • Place cash in the Smart Safe secure bill validator throughout the day. At the end of the day, the balance is validated and transmitted electronically from the Smart Safes to the City's armored vendor. • The armored vendor will electronically transmit the value of cash deposited through the bill validators for all of the City's locations. • J.P. Morgan will credit your account for the amount transmitted by the vendor, which the City can view the following morning via ACCESS Online or by BAI reporting file. Armored car pick -ups are typically scheduled once a week at a minimum to empty the SmartSafe. Note: While checks and coin may be placed in the machine's secured compartment; however, neither check nor coin deposits will be included in the advanced credit amount. 6. Please describe any additional services the City may benefit from, in order to maximize efficiency related to its banking relationship We have included in our proposal additional Value -Add services that may be of benefit to the City. The products included are: • Direct Transmission— While the City maintains direct transmission to the bank today for your daily ICL files, you may see increased efficiencies by adding additional direct file feeds from your ERP system for ACH (Payroll, Vendor Payments), Positive Pay, and daily BAI files. • Check Print — The cost of producing manual checks is rising, industry wide we are seeing an average cost of $3 per check. By outsourcing your check printing, the City may reduce the overall costs associated with your check payment process while gaining efficiencies by having a single payments file sent to the bank. Additionally, this service may be considered under the City's business continuity plan as the service would rely on JPMorgan's tested and proven disaster recovery capabilities. For all check payments sent to J.P. Morgan through Check Print, the bank manages the Positive Pay files for those items reducing additional steps for the City. • Corporate Quick Pay - Corporate Quick Pay (CQP) is an innovative payment solution built for mobile and online interactions and designed to reduce the costs associated with processing