NC Local Government Investment Association

AgendaIntroductions

State of North Carolina Contracts

ACH Overview

CashPro Information Reporting

Fraud Prevention / UPIC

Contract Pricing

The Players / Responsibilities

Other Contract Technologies

Electronic Data Interchange Debit / Prepaid Cards Purchasing Card / Epayables

Questions

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Introductions

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Amber YoungCentral Compliance ManagerStatewide Accounting DivisionNC Office of the State Controller Shannon OkineSpecialized Banking Unit SupervisorFinancial Operations DivisionNC Department of State Treasurer

Gary L ClarkSenior Vice PresidentSenior Treasury Officer Bank of America 

State of North Carolina and Bank of America Presenters

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State of North CarolinaFinancial Contracts

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ACH DisbursementsProvider = Bank of

America

State of North Carolina Financial Contracts

Purchasing Card & EpayablesProvider = Bank of America

Merchant ServicesProvider = Suntrust

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ACH 101

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3RD PartyACH Gateway

Originating Financial Institution

Processes On-Us Transactions Produces automated file for all other items to send to ACH

Payables Settlement Accounts

Recipients of Funds(Employees, Vendors)

Local Government Entity

Creates ACH Files to sendTo Bank of America

CashPro OnLine ACH Initiation Wire Transfer Info Reporting ACH Reports

Returns

ACH Network

Receiving Financial Institution

The ACH Process

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PPD - Prearranged Payment or Deposit (consumer)

PPD+ - PPD Plus one addenda record (consumer)

CCD - Cash Concentration or Disbursement (corporate)

CCD+ - CCD Plus one addenda record (corporate)

CTX - Corporate Trade Exchange (corporate) up to 9,999 addenda records POP - Point of Purchase (consumer) RCK - Re-Presented Check (consumer) WEB – Internet Initiated (consumer) TEL – Telephone Initiated (consumer) ARC – Accounts Receivable Entries (consumer)

ACH Transactions

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CashPro InformationReporting

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CashPro Online

Overview Single sign-on portal to Payments,

Information Reporting, Notifications, Trade and Foreign Exchange

Latest technology – Web 2.0

Dashboards: Visibility of data customized at the user level

Intuitive workflows that support customization

Flexible reporting options with custom reports and formats

Notifications available via e-mail, sms & fax

Regionalization capabilities including local language support for 11 languages

Dual administration & Multi-layer security

Online University available 24/7 for access to virtual assistance, interactive training courses, user guides and other resourcesCashPro Online Client Value Proposition

CashPro Online delivers simple, secure access and greater control over all the financial solutions your business uses, wherever and whenever you choose.

“One Portal. One Password. Global Convenience.”

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Information Reporting

Configurable dashboard

Online Balances – current day and previous day

One click reporting – My Reports

Advanced filtering and searching

Customizable reports and downloads

MultiBank reporting

Transaction search capability

Local Language user interface and data reporting capabilities

eStatements

eMail scheduling for Reports and Statements

365 days online history

18 months of online statements

Export capabilities in csv, pdf, excel, XML, MT940 and others.

CashPro® Online – Information Reporting

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CashPro® Online – Global Payments Solution

Features Ease of creating payments

User defined fields

Straight through processing

Depending upon the debit account selected and currency of the payment, CashPro® Online will automatically present the fields to be completed to ensure STP

Single currency transactions

Cross currency transactions

Foreign currency transaction

Smart Calendar

Beneficiary emails

Flexible payment approval options

Import and export capabilities

Standard and customized reports in various formats

Supports 10 languages

CashPro® Online - Payments

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Training

Phone

Internet

In Person

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Fraud Prevention

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ACH Positive PayWith ACH Positive Pay, you receive online reporting of incoming ACH transactions that do not meet your authorization criteria,

before the transactions post to your account. This early warning reporting allows an entitled user to pay or return incoming ACH

transactions as they are received.

REAL TIME DECISIONING▪Ability to accept or reject ACH transactions from your unauthorized trading partners▪Helps with investigating potentially fraudulent items as they happen

REAL TIME NOTIFICATION OF EXCEPTIONS; CUMULATIVE REPORTS ▪Ability to view ACH exceptions as they are received▪Daily reporting provides an audit trail of daily authorization activity

SELF SERVICE ONLINE AUTHORIZATIONS▪Authorization lists for your trading partners easily kept current allowing for up-to-date transactions

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ACH Blocks

OPERATES AUTOMATICALLY▪Establish block instructions on our system

▪Based on your instructions, our system automatically rejects incoming transactions

▪By using an automatic service, you save time

NO RECONCILEMENT IMPACT Rejected transactions do not post to your account, so there are no additional

transactions to reconcile

ONLINE CONVENIENCE Rejected and paid transaction detail

Block instruction detail

Automatically reject ACH transactions received, such as those from unauthorized trading partners or

intended for consumer bank accounts or all debits and/or credits.

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UPIC

SECURE▪UPIC enables ACH credits, without revealing the receiving bank account number

CONVENIENT AND EFFICIENT▪Reduce the risk of unauthorized debits to your account

▪Mitigate the risk of fraud

▪Increase ACH payment credits without distributing your account number

▪Avoid divulging sensitive bank information

UPIC is a code assigned to a replace the bank account number during the processing of ACH credits. A UPIC is obtained by an ACH

receiver, and provided to the ACH credit originator, so the originator may initiate ACH credits using a code, instead of a bank

account number.

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Contract Pricing

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Per Unit Cost Annual Cost

ACH Origination ServicesACH Monthly Maintenance per Account $ 4.00 $ 5,272.00

A CH Credits/Debits/Prenotes Originated Annually $ .0048 $ 66,746.60

ACH Addenda Originated Annually $ .004 $ 1,514.75ACH Origination Files Transmitted Annually via CPS $ 2.75 $ 825.00

ACH Origination Files Transmitted Annually non-CPS $ 2.75 $ 29,700.00

Transmission Maintenance Fees for DCC Monthly N/A N/A

Transmission Maintenance Fees for Participant Monthly N/A N/A

Other ACH Related Services

ACH Returns Annually $ .50 $ 26,969.00

ACH Notifications of Change Annually $ .50 $ 14,583.50

ACH Reversals Annually $ 7.00 $ 5,418.00

ACH Received Entries File Transmission Annually $ 2.75 $ 3,225.75

ACH Received Entries Per Credit Item Reported Annually $ .01 $ 33,379.70

Settlement Account ServicesBank Account Monthly Maintenance $ 8.00 $ 21,760.00

ZBA Account Monthly Maintenance $ 5.00 $ 5,645.00

Returns Handling Monthly Maintenance $ 1.00 $ 89.00

ACH Debit Block/Filter Monthly Maintenance $ 4.00 $ 3,672.00

Wire Transfers Incoming Annually $ 5.00 $ 51,680.00

Book Transfers Annually $ 1.50 $ 19,582.50Deposits other than ACH Credits Received & wires Annually

$ .25 $ 8,707.25

Debit Postings Annually $ .03 $ 1,033.56

Online Bank Account Reporting

Monthly Online Reporting Maintenance $ 20.00 $ 94,020.00

Line Item Costs

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The Players / Responsibilities

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Other Contract Technologies

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Paymode-X system

Split payments• Card file• ACH file• Check file• Wire file

Posts Paymode-X payments to online reports

AP SystemProcess pay run for payments and send a single payment file to Paymode-X®.

Reconcile paper check, ACH, wire and other payment types using BofAML Treasury Services

PaymentFile

Card Payments

Paymode-X (ACH) Payments

Check Payments

Global payments, wires, split remittance options

ePayables1.Works® generates email

notification to supplier2.Updates transaction

status and posts to AP system

3.Card controls and maintenance

SupplierReceives email

Initiates payment through ERP or merchant terminal

Keys in remittance data from email

Processed through

TSYS

Paymode-XForwards ACH payments to the BofAML ACH network

SupplierCan view Paymode-X transactions online

Receives flexible data file outputs for updating AR

Paymode-X Plus Check Printing FacilitySends payment

data to bank ARP system for inclusion

in issue file

Processes and mails

checks

CashPro® Connect Payments

Global payment network for wires and split remittance options for vendors.

Prepaid Cards

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Questions ???

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