BANKING SERVICES What’s available? How to decide what your City Needs Presented by: Carol Donlon Tisha Mar Scott Shannon

OVERVIEW Collection Solutions –Carol Donlon, Union Bank of California Disbursement Solutions –Tisha Mar, Wells Fargo Bank Information Reporting & Fraud Prevention –Scott Shannon, U.S. Bank

COLLECTIONS LOCK BOX –Automated high volume processing –Customized low/moderate volume processing CONSUMER HOME BANKING REMITTANCES –Bill Consolidator Options

COLLECTIONS ACH (Automated Clearing House) –Electronic Debits for recurring or one time payments E-Payment Alternatives –Empowered Web Site E-Checks Credit Cards

COLLECTIONS DEPOSITS –Branch locations Walk-In Deposits –Cash Vault Processing Armored Car Deposits

DISBURSEMENTS WIRE TRANSFERS –Same Day Payments –Security Features ACH (Automated Clearing House) –Low Cost Alternative to Wire Transfers –Security Features –Direct Deposit, Expense Reimbursements, Vendor Payments, Tax Remittances

DISBURSEMENTS CONTROLLED DISBURSEMENT –Cash Position Tool RECONCILEMENT –Full (Bank reconciles account) –Partial (Bank provides data/reports to reconcile) –Paid Check Images (CD-Rom and On- Line)

INFORMATION INFORMATION REPORTING –Secure access to account data Web, Software, Dial-Up Balances, Stops, Transaction Details Printed Reports Download files in CSV or BAI formats ZERO BALANCE ACCOUNTS –Automated funding in net or separate settlements

FRAUD PREVENTION POSITIVE PAY –Customer provides check issues electronically –Bank matches items as they come in for payment or at teller window –Exception Items delivered each morning Web, Fax, Information Reporting –Pay/No Pay decision made by customer –Payee verification on horizon

FRAUD PREVENTION REVERSE POSITIVE PAY –Paid Check listing delivered each day –Customer makes comparison and pay/no pay decision ACH BLOCKS/FILTERS –Customer determines acceptable activity –ACH Positive Pay on the horizon