Specifications include, but are not limited to: The following services are required to be provided as described and/or be provided in an alternative form that results in essentially the same outcome or capability. ONLINE BANKING SERVICES – The City requires online banking services accessible through the internet that at a minimum include balance reporting, initiation of ACH debits and credits and wire transfers, interbank account transfers, and placement of stop payments on checks. Additional capabilities should include, the ability to reprint statements and export information to MS-Excel. The minimum balance reporting information should be for intra-day and previous business day and include: ledger balance, collected balance, total credits, total debits, and detail debits and credits, and should allow transaction search capability. Historical information should be maintained online and accessible for a minimum of twelve (12) continuous months. Yes, can provide as requested/required. No, cannot provide as requested/required. Comment: CONTROLLED DISBURSEMENT ACCOUNT - The City requires the use of a controlled disbursement account for its disbursements. The controlled disbursement presentment notification must also be accessible through on-line banking services. This information must be available and accessible by 10:00 A.M. local time. Yes, can provide as requested/required. No, cannot provide as requested/required. Comment: ZERO BALANCE ACCOUNTS – The City requires Zero Balance Accounts (ZBA) for payroll and accounts payable processing with the Deposit Account to be used as the master funding account. The bank teller function must identify the account as a ZBA to ensure honoring of presentments made at the bank. Yes, can provide as requested/required. No, cannot provide as requested/required. Comment: POSITIVE PAY AND ACCOUNT RECONCILIATION SERVICE – The City requires positive pay and the ability to offer full account reconciliation services on designated accounts from which checks are issued. The City would electronically transmit the issued check file to the bank. The bank would only honor those checks issued by the City that are pre-authorized through the positive pay system. Payment verification criteria will be date, check number, amount, and payee name. Please indicate what time exceptions are reported and when City instruction must be received. City will also require the ability for a daily download of transaction activity in Excel format for reconciliation. Yes, can provide as requested/required. No, cannot provide as requested/required. Comment: ACH – The City requires a robust ACH system with the capability to create ACH credits for direct deposit of payroll and vendor payments, and to direct debit customer accounts for A/R. Yes, can provide as requested/required. No, cannot provide as requested/required. Comment: ACH DEBIT BLOCKING AND FILTERING/ACH POSITIVE PAY – The City requires ACH debit blocking capabilities on its accounts, with the ability to selectively permit specified ACH debits on certain accounts and restrict all ACH debits from certain accounts.