Specifications include, but are not limited to: Deposit Services Required: 1. Processing deposits of checks, 2. Processing domestic wires received and sent by the Organization, 3. Imaging of deposited items, 4. Providing online access for deposit reconciliation including images of deposited items. 5. Providing “smart safe” technology 6. Providing lock box services, and 7. Providing merchant processing services (dependent on financial institution’s evaluation of current state). Disbursement Services Required: 1. Providing payee positive pay services with online transmission of check details, 2. Providing positive pay exception item review and correction online, 3. Providing online stop payment services, 4. Providing electronic archival of cleared checks (images of front and back), and 5. Providing online access to cashed check images, 6. Issuing credit and procurement cards and processing transactions...
