BANKING SERVICES What

1
BANKING SERVICESWhats available?How to decide
what your City Needs

• Presented by
• Carol Donlon
• Tisha Mar
• Scott Shannon

2
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

3
COLLECTIONS

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

4
COLLECTIONS

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

5
COLLECTIONS

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

6
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

7
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)

8
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

9
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

10
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