IL L INOIS ST AT E T RE ASURE RS OF F ICE Ab o ut T he I - PowerPoint PPT Presentation

IL L INOIS ST AT E T RE ASURE R’S OF F ICE

Ab o ut T he I llino is F unds e ate d in 1975 , the first L o c a l Go ve rnme nt I nve stme nt Po o l • Cr (L GI P) e sta b lishe d to a llo w c o mmunitie s sta te wide to inve st the ir mo ne y to g e the r to e a rn g re a te r re turns. • T o da y, pa rtic ipa nts b e ne fit fro m e c o no mie s o f sc a le o f a $4- 6 billion inve stme nt po o l. • T he F und, no w in its 40th ye a r, ma inta ins a AAAm r ating b y S&P Glo b a l Ra ting s, the hig he st ra ting po ssib le fo r a mo ne y ma rke t fund. 2

T he I llino is F unds Be ne fits • F re e purc ha se s, tra nsfe rs, re de mptio ns, a nd o nline a c c o unt a c c e ss • Mo nie s inve ste d a re a va ila b le a t a ll time s (inve st o ne da y, re de e m the ne xt) • No minimum b a la nc e re q uire me nts • Ab ility to a c c e pt c re dit c a rd pa yme nts thro ug h E -Pa y se rvic e s

Wha t is E -Pa y? • E -Pa y is a se c ure e le c tro nic pa yme nts pro g ra m o ffe re d to g o ve rnme nt a g e nc ie s who a re pa rtic ipa nts o f T he I llino is F unds pro g ra m • Appro xima te ly 600 pa rtic ipa nts re pre se nting a b o ut 800 a c c o unts • I n 2015, E -Pa y pro c e sse d o ve r 9M c re dit/ de b it c a rd tra nsa c tio ns a nd 350k e -c he c k tra nsa c tio ns wo rth $1.9B 4

Multi-c ha nne l Pa yme nts Se rvic e fe e o r Ab so rb e d fe e pric ing . F le xib le a nd po we rful so lutio ns. E -c o mme rc e T hird Pa rty I nte g ra tio ns Mo b ile Cre a te a fully-c usto miza b le pa yme nts pa g e . Inte g ra te yo ur third pa rty so ftwa re so lutio ns E xpe rie nc e the fre e d o m o f into E -Pa y pa yme nts so lutio ns pa yme nts tha t mo ve with yo u. Po int o f Sa le I VR T a ke s c usto me rs ste p-b y-ste p thro ug h the Spe e d o f lig ht pro c e ssing , so yo u ha ve mo re pa yme nt pro c e ss. time fo r mo re tra nsa c tio ns.

Pa yme nt Me tho ds* *Participants may choose an which payment methods they accept. 6

E -Pa y Be ne fits Pric ing Options - o ptio n to pa ss o n pro c e ssing fe e s to yo ur c o nstitue nts o r a b so rb pro c e ssing c o sts • a se of Proc ure me nt - no c o ntra c t o r re q ue st fo r pro po sa l (RF P) re q uire d, a nd b e ne fit fro m E -Pa y’ s • E c o mpe titive pric ing sc he dule Se c urity & Complia nc e - • Pa yme nt Ca rd Ind ustry Da ta Se c urity Sta nd a rd s (PCI) va lid a tio n a ssista nc e inc lud e d • Co mplia nc e with the L o c a l Go ve rnme nt Ac c e pta nc e o f Cre d it Ca rd s Ac t (IL CS-345) a nd pre va iling c re d it c a rd rule s a nd • re g ula tio ns Re porting T ools - a c c e ss to re a l time pa yme nts g a te wa y re po rting to o l • Custome r Ca re - a c c e ss to de dic a te d c usto me r suppo rt spe c ia lists • ra ining - o nsite a nd re mo te tra ining o ptio ns o ffe re d to ne w pa rtic ipa nts T • 7

E -Pa y Online : Custo miza b le we b site b uilt to yo ur ne e ds: • Ho me pa g e will ha ve yo ur b a nne r, lo g o , a nd we lc o me me ssa g e • Ab ility to c re a te multiple pa yme nt pa g e s/ pa ya b le s (i.e . te xtb o o ks, drive rs e d., pro m fe e , e tc .) • Hig hly c o nfig ura b le da ta fie ld o ptio ns • Sta rt/ Sto p da te s b y pa ya b le • Sho pping c a rt func tio na lity 8

E -Pa y Online Custo miza b le pa yme nt fo rma t use d to c o lle c t a sso c ia te d da ta suc h a s a n a c c o unt numb e r. Sta nda rd pa yme nt fo rma t fo r c o nstitue nts to input pa yme nt da ta . 9

E -Pa y Online Pa yme nt re vie w pa g e whe re yo ur c o nstitue nt c a n e le c t e ithe r c re dit c a rd o r e le c tro nic c he c k a s fo rm o f pa yme nt. 10

E -Pa y Online Co nfirma tio n pa g e is pro vide d to yo ur c o nstitue nt fo r pro o f o f pa yme nt. T his will a lso b e e ma ile d to the m if the y e nte re d a va lid e ma il a ddre ss. Pro o f o f pa yme nt c a n a lso b e e ma ile d to the E -Pa y pa rtic ipa nt if the y o pt fo r this se rvic e . 11

E -Pa y Mo b ile • I nte rfa c e is o ptimize d to wo rk with mo b ile de vic e s (iPho ne , Andro ids, ta b le ts), no ne e d to do wnlo a d a pplic a tio n. • Ne a r F ie ld Co mmunic a tio n (NF C) de vic e s fo r a b so rb ing mo de l o nly. T his a llo ws a c c e pta nc e o f Apple Pa y a nd Andro idPa y, Go o g le Pa y a t POS. 12

E -Pa y Po int-Of-Sa le : • Sta nd-a lo ne te rmina l so lutio ns • Wire le ss te rmina l so lutio ns • K io sk/ T e rmina l I nte g ra tio ns • E -c he c k re a de rs 13

E -Pa y T e le pho ne So lutio ns • De sig na te d JCODE numb e r fo r yo ur a g e nc y • I nfo rma tio n po ste d o n E -Pa y we b pa g e • Custo miza b le sc ripts • T o uc h-to ne so lutio ns a re a va ila b le to yo ur c o nstitue nts fro m a nywhe re in the wo rld a t a ny time o f the da y 14

E -Pa y T hird Pa rty I nte g ra tio n: • I nte g ra tio n Me tho ds ◦ HT T P POST ◦ F T P/ Ma nua l Ba la nc e F ile Uplo a d ◦ Custo m Re po rt T e mpla te s a nd De live ry Optio ns • So ftwa re / Ha rdwa re I nte g ra tio n E xa mple s ◦ L OCI S ◦ DE VNE T ◦ City o f Urb a na in-ho use we b a pplic a tio n 15

Re po rting Optio ns • Pa yme nts Ga te wa y Re po rts: • Hie ra rc hy Re po rting • De po sit De ta il • Re turns • Se a rc h T ra nsa c tio ns • Ad ho c re po rting • Auto Da ily re po rting • Custo m F ile Orig ina tio n(CF O) re po rting to o l • Cha rg e b a c k re po rting

Pa yme nts Ga te wa y Re po rting Po rta l Yo u will ha ve the a b ility to lo g in a nd re vie w re po rts fo r a ll yo ur pa ya b le s. 17

Re po rting – Ab so rb ing Only • Glo b a l Ac c e ss@ (GA@ )/ My Glo b a l Pa y • F unding a nd b illing re po rts • Cha rg e b a c k do c ume nts • T ra nsa c tio n a c tivity • Autho riza tio ns • Ca pture d tra nsa c tio ns • Ba tc h re po rts • Me rc ha nt Sta te me nts • I nte rc ha ng e re po rting • Cha rg e b a c k re po rting

E -Pa y Pro c e ssing F e e Sc he dule • Se tup fe e s: POS te rmina ls purc ha se d fro m pro c e sso r • Cre dit Ca rd Pro c e ssing F e e s*: o Pa ssing fe e mo de l: Cre dit c a rd tra nsa c tio ns ma y b e a sse sse d a 2.35% se rvic e fe e with a $1.00 minimum pe r c re dit c a rd tra nsa c tio n o r a $3.95 VI SA de b it fe e fo r ta x pa yme nts o nly. o Ab so rb ing fe e mo de l: I nte rc ha ng e + due s a nd a sse ssme nt + 0.03% + $0.03 pe r c re dit c a rd tra nsa c tio n • E -Che c k Pro c e ssing F e e s: o Pa ssing $1.00 pro c e ssing fe e o $1.22 E -Che c k w/ fo rte ve rify (o ptio na l) o o Ab so rb ing $0.08 pro c e ssing fe e o $0.30 E -Che c k w/ fo rte ve rify (o ptio na l) o 19 *Interchange fee revenue collected by Issuing bank, Card Network, Processor and Acquiring Bank .

E -Pa y Custo dia l Ba nk F e e Sc he dule E -Pa y a c c o unts a t I llino is Na tio na l Ba nk (I NB) will b e use d so le ly a s a se ttle me nt a c c o unt with funds tra nsfe rre d da ily to yo ur I llino is F unds inve stme nt a c c o unt(s) a t U.S. Ba nk F und Se rvic e s. • Optio n 1 - Ac c o unt Ma inte na nc e $10 pe r mo nth with dire c t de b it o r • Optio n 2 - Ac c o unt Ma inte na nc e $12 pe r mo nth with invo ic e • Cre dits to the a c c o unt - $0.10 pe r ite m • E a rning s Cre dit Ra te 0.17% • Ac c o unt Ma inte na nc e Optio ns 1 a nd 2 inc lude o ne o nline b a nking use r. • Additio na l use rs a re $5.00 e a c h pe r mo nth. • A minimum ta rg e t b a la nc e o f $1,000 sho uld b e ma inta ine d due to e le c tro nic pa yme nt re ve rsa l de b it ne t se ttle me nt o r c ha rg e b a c k o c c urre nc e s. T he re is no fe e fo r fa lling b e lo w ta rg e t b a la nc e , ho we ve r the re is a $30 NSF fe e fo r fa lling b e lo w $0. 20

Ho w it Wo rks E -Pa y tra nsa c tio ns fund to a Pa rtic ipa nt’ s E -Pa y se ttle me nt a c c o unt a t I NB • E -Pa y se ttle me nt a c c o unts a re linke d to a de sig na te d I L F unds inve stme nt a c c o unt a t • US Ba nk F und Se rvic e s F unds* a re swe pt da ily fro m I NB to the de sig na te d I L F und inve stme nt a c c o unt(s) a t US • Ba nk F und Se rvic e s • T he I L F unds Po rtfo lio Ma na g e r se e ks to o b ta in the hig he st a va ila b le re turn using a utho rize d inve stme nts E -Pa y o pe ra tio ns a re funde d, in pa rt, b y I L F unds inte re st inc o me • Mo nie s inve ste d in a n I L F unds inve stme nt a c c o unt a re a va ila b le a t a ll time (inve st o ne • da y, re de e m the ne xt) 21 * Sweep threshold will be set by Participants, range: $1k-$250k

K e y I nitia tive s • E MV tra nsitio n • Oc to b e r 1, 2015 Me rc ha nt L ia b ility Shift • Pa yme nt Ca rd I ndustry Da ta Se c urity Sta nda rd (PCI DSS)Va lida tio n • Annua l va lida tio n re q uire d fo r a ny me rc ha nt who a c c e pts c re dit c a rd pa yme nts • Va lida tio n re q uire me nts va ry b a se d o n tra nsa c tio n type , vo lume , me rc ha nt, e tc . • Assistanc e : E -Pa y pa rtic ipa nts ha ve a c c e ss to pa rtne r Qua lifie d Se c urity Asse sso r fo r a ssista nc e in the va lida tio n pro c e ss 22