The proposal must provide a description of services to be provided to the county, specifically covering the following areas: 1. Account Reconcilement: Describe the account reconciliation services offered by the vendor, including CD based check document image storage, end-of-period report availability schedule, and include other electronic options. 2. Reporting and Money Transfer: Describe the system(s) available to access account transactions and balances, perform electronic money transfer (ACH and Wire), and perform operations such as stop payments on checks. Include specifications for automated service hardware and software capability proposed as well as data download/file transfer formats for internet services proposed. 3. Collected Balances and Earnings Allowances: Describe the vendor’s calculation of collected balances, including the effective rate, method used, and formula proposed to calculate the service charge credit or the earnings allowance on collected balances.
