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DRAFT

NC Local Government Investment Association. CONFIDENTIAL. DRAFT. Agenda Introductions State of North Carolina Contracts ACH Overview CashPro Information Reporting Fraud Prevention / UPIC Contract Pricing The Players / Responsibilities Other Contract Technologies

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DRAFT

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  1. NC Local Government Investment Association CONFIDENTIAL DRAFT

  2. Agenda • Introductions • 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

  3. Introductions 3

  4. State of North Carolina and Bank of America Presenters Amber Young Central Compliance Manager Statewide Accounting Division NC Office of the State Controller Shannon Okine Specialized Banking Unit Supervisor Financial Operations Division NC Department of State Treasurer Gary L Clark Senior Vice President Senior Treasury Officer  Bank of America 

  5. State of North Carolina Financial Contracts 5

  6. State of North Carolina Financial Contracts ACH Disbursements Provider = Bank of America Purchasing Card & Epayables Provider = Bank of America Merchant Services Provider = Suntrust

  7. ACH 101 7

  8. The ACH Process 3RD Party ACH Gateway Local Government Entity Originating Financial Institution Creates ACH Files to send To Bank of America • Processes On-Us Transactions • Produces automated file for all • other items to send to ACH CashPro OnLine • ACH Initiation • Wire Transfer • Info Reporting • ACH Reports ACH Network Payables Settlement Accounts Returns Recipients of Funds (Employees, Vendors) Receiving Financial Institution

  9. ACH Transactions • 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)

  10. CashPro Information Reporting 10

  11. 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 resources CashPro 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.”

  12. CashPro® Online – Information Reporting • 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.

  13. CashPro® Online - Payments • 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 – Global Payments Solution

  14. Internet Phone In Person Training

  15. Fraud Prevention 15

  16. ACH Positive Pay With 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

  17. ACH Blocks Automatically reject ACH transactions received, such as those from unauthorized trading partners or intended for consumer bank accounts or all debits and/or credits. • 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

  18. UPIC 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. • 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

  19. Contract Pricing 19

  20. Line Item Costs

  21. The Players / Responsibilities 21

  22. Other Contract Technologies 23

  23. Supplier Receives email Initiates payment through ERP or merchant terminal Keys in remittance data from email ePayables Works® generates email notification to supplier Updates transaction status and posts to AP system Card controls and maintenance • AP System • Process 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 Processed through TSYS Card Payments Payment File Paymode-X Forwards ACH payments to the BofAML ACH network Supplier Can view Paymode-X transactions online Receives flexible data file outputs for updating AR Paymode-X (ACH) Payments • Paymode-X system • Split payments • Card file • ACH file • Check file • Wire file • Posts Paymode-X payments to online reports Paymode-X Plus Check Printing Facility Check Payments Sends payment data to bank ARP system for inclusion in issue file Processes and mails checks Global payments, wires, split remittance options CashPro® Connect Payments Global payment network for wires and split remittance options for vendors.

  24. Prepaid Cards

  25. Questions ??? 26

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