A. On-Line Banking Services – The BPUB requires on-line banking services accessible through the internet that at a minimum include: • Balance reporting should be for intra-day, previous business day and include: ledger balance, collected balance, one-day float amount, two-day float amount, total credits, total debits, and detail debits and credits. • Initiation of ACH debits and credits • Initiation of wire transfers • Initiation of book transfer between accounts • Activity reports for stop payments on checks • Electronic Data Interchange Reporting (EDI) • Positive Pay actions • Positive pay reports with images • ACH exception pay actions • Online cleared check search with images • Maintenance of wire transfer templates • Ability to monitor wire transfers online • Historical information should be maintained on-line and accessible at minimum for six months. B. Automated Clearing House (ACH) – The BPUB requires to receive and initiate any payment type available through the National Automated Clearing House Association (NACHA). The BPUB utilizes ACH services for its bi-weekly direct deposits payroll disbursements, Accounts Payables disbursements, collection for utility payments, automatic (ACH debits) from customers and payroll tax and other deductions.
